Fish industry news
According to the provisional figures, in October 2008 the total harvest in the Russian Far East Basin amounted to ca.167,700 tonnes, 2800 down on 170,500 tonnes harvested in October last year.
In September 2008 Russia's export of frozen salmon to Japan and China was much more active than last year, which was a remarkable development against the background of declining catches.
The Russian Federal Fisheries Agency has warned the fishermen that it will not hesitate to punish any trespasser who may fail to comply with the federal law stipulating compulsory shipment of the harvest from the EEZ to the customs territory as of 1 January 2009.
Despite the world crisis which has already hit a number of fish businesses in Russia, one of the nation's largest seafood producer Russian Sea Group of Companies, owner of the same called federal brand, has set an ambitious target for its turnover to reach one billion USD by the year 2011.