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Russian sector’s profit margins slip to 21% in 2024

The fall -- from 32% in the first half of 2023 -- is down sharply in recent years, with VARPE claiming it was around 60% in 2019

By Sergei Blagov | Oct. 15, 2024 10:12 BST
Vessel owned by Russian deepwater fishing company Luntos Co. Credit: Carsoe
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The Russian seafood sector's profit margins continued to fall sharply in the first half of 2024, eroding competitiveness, according to the latest data from the All-Russian Fishery Association (known under its Russian acronym VARPE) [...]

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