Russian Fish Industry Warns of Profit Decline, Calls for Tax Relief Amid Rising Export Duties
Leading Russian fish producers have once again called on the state to reduce the industry's tax burden, which has led to a serious decline in the profitability of the country's fish sector.
According to the latest predictions of the Russian Association of Fishing Fleet Owners (AFFO), the operating profitability of marine fisheries in Russia next year may decrease from the current 7% to 2% if the current export duties (which are based on the rouble’s exchange rate) are maintained...
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