The ban on imports of fish products to the Russian Federation will affect a small share of the market

Published 2023년 7월 26일

Tridge summary

The ban on the import of fish and seafood products from unfriendly countries to Russia will have a minimal impact on the Russian market, according to the president of VARPE. Only 3.5% of fish imports and 4.4% of the total value of imports fall under this ban. The ban mainly affects finished products and canned food from Latvia, but the domestic market can easily cover the demand for these products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The ban on the import of fish and seafood products from unfriendly countries to Russia will affect a small share of the Russian market. This assessment was voiced to TASS by the president of the All-Russian Association of Fishermen (VARPE) German Zverev. "In 2021, imports of products under HS codes 1604 and 1605 amounted to 65,900 tons, of which only 2,317 tons (3.5%) are from unfriendly countries. The total value of imports of these products is $ 247.68 million, of which 10 89 million dollars (4.4%) - unfriendly countries.In general, the domestic market of preserves and canned food is estimated at more than 336 thousand tons, that is, less than 1% of imported finished products from unfriendly countries. market, as they say, at the level of statistical error," Zverev said. He also noted that the main share of imports from unfriendly countries consisted of finished products and canned food from sardinella, sprats and sprats, whole or in pieces, but not stuffed from Latvia: in 2021, ...
Source: Kvedomosti

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