New research from Rabobank on the effect of trade wars on the seafood industry shows that Russia may be implementing a winning seafood strategy, as exports to the EU have held ground while imports from Western markets have dropped considerably.

Russia has been prolonging its embargo on perishable food imports originating from the European Union, a move which was first introduced in 2014. It followed a decision by the European Union to implement sweeping economic sanctions on Russia for the role Moscow is playing in the continuous unrest in eastern Ukraine.