Germany says EU ban on fish imports from Russia will kill processing industry

Published Aug 23, 2024

Tridge summary

The German market is at risk of significant inflation due to its reliance on Russian fish, especially salmon and cod. Consumers should brace for higher fish product prices, and around a thousand jobs in the fish processing sector are threatened by a possible embargo. The European Union, with strong backing from the Baltic states, is contemplating new sanctions on Russian fish imports. In 2023, Russia exported fish and fish products to 80 countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"There is a threat of significant inflation. The German market depends on Russian fish. We cannot give up salmon and cod," he warned. Buyers can expect a strong increase in prices for fish products, Mayer said. In addition, due to the embargo, about a thousand jobs in the fish processing industry will be at risk. "Three years will be enough to kill our industry," the head of the union summed up. Earlier it became known that the European Union is discussing the introduction of restrictions on the import of Russian fish to ...
Source: Fishretail

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