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Russian Crab, Antey take spoils in $2.3bn crab quota auction

An executive from Antey Group voiced serious concerns about the high prices amid high interest rates. '[They were] very expensive lots. We don't know how with such prices we're going to pay it back'

By Louis Harkell | Oct. 30, 2023 11:05 GMT
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Additional reporting by Tom Seaman.

QINGDAO, China -- Russia's Federal Fisheries Agency has concluded its first round of "crab auctions 2.0," raising RUB 214.5 billion ($2.3bn) by auctioning off 15-year snow and king crab catch quotas over Oct. 16-18, the agency announced [...]

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