U.S. Ban on Russian Seafood Will Impact Alaska Fishermen and Processors
President Biden’s executive order banning Russian seafood and stripping the country of its favored nation status has the potential to open markets for Alaska seafood, as well as strengthen prices, but exactly how and which species will do better than others is uncertain. Some of the complexities includeother seafood producing countries that must grapple with Russia’s no fly zone to get their product to the buyer and consuming countries that must scout for new sources to supplant Russia’s trade.
Japan, for instance, imported 138.1 billion yen ($1.17 billion) ...
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