EU considering sanctions against Russian seafood; Russia plans to denounce, potentially leave ICES

Published 2024년 8월 5일

Tridge summary

The European Union is contemplating new sanctions against Russian seafood, including Russian pollock, due to concerns over unfair trading practices and environmental sustainability. Despite previous sanctions banning various seafood items in 2022, pollock has so far been exempted. The proposed sanctions could significantly affect Europe, as 70% of its pollock supply comes from Russia, and Germany in particular, which relies heavily on Russian imports. The potential sanctions would also build on a 2023 regulation that excludes Russian pollock from Autonomous Tariff Quotas, denying it preferential tariff rates. The final decision on these sanctions is expected after the E.U. Commission’s summer break in mid-September.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Union is reportedly considering new sanctions against seafood of Russian origin as the divide between the bloc and the country grows. German publication Die Welt reported the E.U. is considering new sanctions against Russian seafood, including Russian pollock. The E.U. already banned a number of Russian seafood items in a sanctions package in 2022, including items like crustaceans and caviar, but pollock was still allowed. The potential sanctions are coming in the wake of a meeting of the Group of Seven (G7) nations in Apulia, Italy, in June, which saw the group accuse Russia of unfair trading practices on fish and seafood. A lengthy ”Communiqué” issued by the group said Russia’s seafood trade was environmentally unsustainable and was using unfair trading practices. Die Welt said that there will likely be discussions on potentially expanding sanctions after the E.U. Commission’s summer break in mid-September.Statistics from the E.U. Fish Processors and Traders ...

Source: Seafoodsource