Russian Fishing Sector Struggles With Soaring Debts and Sluggish Growth
.jpg)
The Russian fishing industry is grappling with major challenges as a deteriorating business environment and increased government pressure have led to a sharp slowdown in growth. Mounting debts now threaten to trigger a wave of bankruptcies within the sector, according to the country’s leading fisheries association.
German Zverev, President of the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE), recently highlighted that ballooning loans and credit obligations present the most serious obstacle to industry advancement. In 2024, the sector’s total debts reached...
To Read Full Story Login Below.