Fisheries

Earnings in Russian crab fishing industry tank after US ban

The country’s most valuable seafood export declined 20% last year and prospects for a recovery dim.

Crab is the most profitable species in the Russian fishing industry. In 2021, crab sales accounted for around 42 percent of export earnings to the domestic fishing industry, according to the All-Russian Association of Fisheries (VARPE).
Crab is the most profitable species in the Russian fishing industry. In 2021, crab sales accounted for around 42 percent of export earnings to the domestic fishing industry, according to the All-Russian Association of Fisheries (VARPE).Photo: Russian Crab Company
CrabRussiaUkraine crisisRosrybolovstvoAll-Russian Association of Fisheries (VARPE)
Published 29 May 2023, 05:10Updated 29 May 2023, 12:14