After years of reliance on China, Russian seafood giants forced to look for new markets
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Liquidators involved in the ongoing bankruptcy proceedings of Pacific Andes companies in the United States could be receiving a settlement over claims that subsidiary China Fishery Group (CFG) Peru, the company's Peruvian anchovy harvesting division, used at least $152 million (€136 million) in trade finance funds to help with acquiring Peruvian company Copeinca, the holding company for the group's Peruvian fishing business.