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Russia hopes to generate $1.3bn from crab quota auctions

In connection with the adoption of the law, the construction of 36 new vessels with an investment volume of RUB 50bn is expected at domestic shipyards

By Undercurrent News | April 23, 2019 13:35 BST
Snow crabs. Credit: Vintagepix/Shutterstock.com
Snow crabs. Credit: Vintagepix/Shutterstock.com
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Russia's government has passed a law which paves the way for "investment quotas" for 50% of the country's crab total allowable catch (TAC) [...]

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