Sanctions, debt and delays push Russia’s seafood industry to the brink

A flagship program to modernize Russia’s seafood sector has been dragged down by delays, cost overruns and closed export markets -- and industry insiders are warning of a deepening crisis.

According to the latest data from Russia’s federal fishery agency, Rosrybolovstvo, only 43 of the 105 vessels scheduled to be built by the end of 2024 have actually been completed.
According to the latest data from Russia’s federal fishery agency, Rosrybolovstvo, only 43 of the 105 vessels scheduled to be built by the end of 2024 have actually been completed.Photo: RFC