Europe

New round of Russian government quota program will lead to massive bankruptcy of fishing companies, critics warn

Several Russian harvesting companies have sent a letter to President Vladimir Putin urging him to postpone the second phase of the investment quota program, warning that it could lead to a large-scale closure of the sector and canceling the project. He increased the number of voices criticizing him.

Since 2018, Russia has invested heavily in the fishing and processing sectors under the so-called Investment Quota Plan, which allocates favorable fishing quotas to companies that commit to building new fishing vessels at domestic shipyards and onshore processing plants. We have made major changes.

https://www.intrafish.com/fisheries/new-round-of-russian-government-quota-program-would-lead-to-mass-fishing-company-bankruptcies-critics-warn/2-1-1298483 New round of Russian government quota program will lead to massive bankruptcy of fishing companies, critics warn

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