Rosrybolovstvo, Russia's federal fisheries agency, held an auction for crab quotas in the Far Eastern fishery basin on May 18-19, fetching the country's treasury a record amount of RUB 23.08 billion (€362.8 million/$407.7 million).
The auctioned quotas accounted for harvesting rights for nearly a 10-year period, running until Dec.31, 2026.
There were 24 crab lots at the auction for a total of 4,780 metric tons of crab, starting at a value of more than RUB 1.5 million (€25.4 million/$26.8 million), Rosrybolovstvo said.
The
