Russia: Rosrybolovstvo proposed to ban the import of fish products from the Faroe Islands
Russia
Faroe Islands
Regulation & Compliances
Market & Price Trends
Published Oct 24, 2023
Tridge summary
The Russian Federal Fisheries Agency has proposed a ban on the import of fish products from the Faroe Islands in response to protective actions against Russian fishing enterprises. The majority of imports from the Faroe Islands are frozen fish, but the volume of imported products has already decreased by 50.4% from 2018 to 2022. The agency believes that the ban will not negatively impact Russia's food security as Russian fishing companies can produce and deliver these types of fish themselves, and imports from the Faroe Islands can be replaced by redistributing existing exports to the domestic market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Rosrybolovstvo proposed introducing a ban on the import of fish products from the Faroe Islands to Russia, the agency reported. “The Federal Fisheries Agency has submitted to the government of the Russian Federation a proposal to introduce a ban on the import of fish products from the Faroe Islands (autonomous territory of the Kingdom of Denmark) as a response to protective actions against Russian fishing enterprises,” the statement says. The agency notes that the bulk of imports from the Faroe Islands are frozen fish (herring, mackerel, capelin). At the same time, according to official statistics, in the period from 2018 to 2022, the volume of imported products decreased by 50.4% (from 144.1 thousand tons to 71.5 thousand tons). “The proposed measure will not have a negative impact on the country’s food security, since Russian fishing companies produce and deliver these types of fish to the Russian coast and produce products from them,” reports Rosrybolovstvo. In addition, the ...
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