Under threat of liquidation, Russia’s largest salmon farmer sells off Norwegian smolt facilities

Inarctica, Russia’ largest Atlantic salmon and trout producer, has sold its three salmon smolt plants in Norway.

Inarctica CEO Ilya Sosnov said regulatory restrictions imposed on Russian businesses in the wake of Russia's invasion of Ukraine would likely have forced it to liquidate the operations. Rather than let that happen, it sold the operations to management at the facilities.

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Sosnov said the decision was made in part to protect employees at the facilities, and he praised the staff.