Salmon

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

Regulatory restrictions imposed on Russian businesses in the wake of Russia's invasion of Ukraine put jobs in jeopardy, the top executive said.

Inartica CEO Ilya Sosnov said the threat of sanctions by the Norwegian government prompted it to sell off its smolt facilities.
Inartica CEO Ilya Sosnov said the threat of sanctions by the Norwegian government prompted it to sell off its smolt facilities.Photo: Russian Aquaculture
Farmed salmonNorwayRussiaMergers & AcquisitionsInvestments
Published 3 February 2023, 09:25Updated 3 February 2023, 14:06