Russia may remove export duties on some fish products

Frozen Cod

Frozen Crab

Published Mar 7, 2024

Tridge summary

The Commission of the Russian Union of Industrialists and Entrepreneurs (RSPP) has proposed the elimination of export duty on certain fish and seafood products, including frozen cod, klipfisk, frozen pollock, minced meat and surimi, frozen iwashi and deep-sea crab. This move is intended to address the declining profitability of pollock and cod miners, as well as the debt burden of businesses in this sector. The proposal is currently under consideration by the Ministry of Economic Development of Russia.

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Original content

The Commission of the Russian Union of Industrialists and Entrepreneurs (RSPP) on fisheries and aquaculture proposed to zero the export duty on products from two fish and one seafood. The All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE) reported this in its Telegram channel. We are talking about frozen cod, its fillet, klipfisk (salted-dried product obtained by cold drying - ROSNG), as well as frozen pollock, its fillet, minced meat and surimi, frozen iwashi and deep-sea crab. Putin instructed to allocate subsidies for the transportation of two types of fish The issue was discussed at yesterday's commission meeting. This measure should solve the problems that were voiced at the meeting by the President of the Association of Fishing Fleet Shipowners, Alexey Osintsev, and the President of the Association of Pollock Harvesters, Alexey Buglak. According to them, the profitability of pollock and cod miners has been seriously declining recently. The ...

Source: Rosng