Russian Fishery Revenues Stagnate in 2024 as Export Restrictions and Costs Bite

According to the latest data provided by German Zverev, the head of the All-Russian Association of Fishery Producers (VARPE), the revenue of Russian fisheries enterprises increased by only 1.8% in 2024 compared to the previous year and amounted to 664 billion rubles (US$7.86 billion), one of the lowest figures in the industry's last several years.
As he told in an interview with the Russian Vedomosti business paper, the sector's revenue growth last year was five times lower than the official rate of inflation, which was...
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