Russian Fish Producers, Processors to Face Bankruptcies This Year
Many Russian fish producers and processors may face serious problems and even bankruptcy this year due to the inability to fulfill their obligations over the Russian state to build processing capacities this year, according to representatives of the companies and some Russian media reports.
Many Russian fishermen that built fish factories under the investment quota program faced fines from Rosrybolovstvo for non-compliance with requirements for processing the catch. The fines from Rosrybolovstvo are due to a violation of a clause in the contract, according to which factories must...
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