Russian Fishing Profits Fall in 2017; Industry on Verge of Financial Crisis
SEAFOODNEWS.COM [Seafood News] by Eugene Gerden - September 22, 2017
The latest financial indicators show the Russian fishing industry is on the verge of a serious crisis. According to data of the Russian Association of Fishermen (RAF), the balance profit of the industry in the first half of 2017 fell by18.7 percent, which happened for the first time since 2014.
Experts say the industry no longer feels any benefits from the devaluation of the ruble. Its profitability is also hampered by low global fish prices and poor purchasing ...
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