According to experts at the Analytical Center of the Russian federal government, the increase in seafood prices since Russia's swath of import bans has been among the highest of any food product.

The average prices for frozen seafood grew 23 percent through Dec. 7, 2015, compared with the beginning of December last year, for example.

On the back of decline in the domestic seafood market and a spike in prices, Russian industry watchers all agree the seafood market is quickly shrinking -- but there is debate about just how much.

Savelyev’s