Russian Crab Producers on Verge of Record Losses Due to Coronavirus
The ever spreading coronavirus may result in serious losses of Russian crab producers supplying their products to China – the main sales market for them, according to recent statements from producers and industry analysts.
As German Zverev, president of the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (WARPE), said in an interview to the Russian RBC business paper, the losses of Russian crab exporters in Q1 of the current year may reach $80 million USD in revenue due to lower demand for...
To Read Full Story Login Below.