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Overall value of new Russian crab licenses pegged at RUB 125.5bn

The initiative, which was first proposed in 2017, was virulently opposed by established market players that had already spent $2bn on quotas from 2001 to 2017

By Undercurrent News | Sept. 3, 2019 16:03 BST
Canned Russian crab
Canned Russian crab
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The overall value of new licenses for crab fishing in Russia will be RUB125.5 billion ($1.9bn), bne IntelliNews reports, citing documents obtained from the Russian Ministry of Agriculture by the business daily newspaper Vedomosti.  The documents reportedly have been signed by prime minister Dmitry Medvedev. [...]

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