Russia’s Prime Minister Dmitry Medvedev last week signed off on a plan that would put 50 percent of Russia’s overall quotas for crab fishing up for auction, angering key members of the country's catching sector.

The new crab quota distribution system is to be implemented this year and next year, according to the plan.

Ilya Shestakov, head of Russia’s federal fishery agency Rosrybolovstvo, said the auction could bring Russia's treasury a sum of RUB 80 billion (€1 billion/$1.2 billion) to RUB 200 billion (€2.6