News - page 6

The Interdepartmental Commission for the Selection of Investment Projects has approved six new applications for investment quota shares versus an obligation to build fishing vessels at domestic yards, reports Megafishnet.com.

Russian President Vladimir Putin has signed a federal law providing for a reduction of the share in the authorized capital of a fishing company, under which it is considered to be under the control of a foreign investor, reports Megafishnet.com.

Russia’s Federal Agency for Fishery (FAF) and the consumer protection body Rospotrebnadzor have agreed to look into mandatory vaccination for all crew members of fishing and transport vessels, reports Megafishnet.com.

The documentation for the second stage of crab auctions is being prepared now within the Federal Agency for Fishery (FAF), reports Megafishnet.com.

The largest business association of small and medium-sized enterprises in the country, OPORA RUSSII (SUPPORT OF RUSSIA), has come forward with an initiative to allow permanent residents of coastal settlements to sell their catches to fishing companies, reports Megafishnet.com.

Domestic importers are facing a situation when the customs authorities will retrospectively charge additional payments based on documents from the Chinese Custom Administration. But such grounds are illegitimate, the Fish Union amalgamating importers and processors complained to a senator from Russia’s Federation Council (Parliament’s Upper House), reports Megafishnet.com.

President of the Russian Federation Vladimir Putin signed Federal Law No. 338 of 02.07.2021 "On Amendments to the Federal Law "On Fisheries and Conservation of Aquatic Biological Resources" and Certain Legislative Acts of the Russian Federation". The relevant document was published on July 2, 2021 on the official Internet portal of legal information, reports Megafishnet.com.

Lenta (MOEX & LSE: LNTA), one of the largest retail chains in Russia, has launched centralized production sites in distribution centers in Moscow Region, Novosibirsk and Leningrad Region surrounding St. Petersburg, reports Megafishnet.com.

Indian vannamei shortage in China, the importers and processers suffered a lot due to the supply issue and the temporary restriction.

As part of the state property privatization program, on August 9, 2021, Chukotka government plans to sell 100% of the shares of its JSC "Chukotrybpromkhoz", the key enterprise of the Chukotka fishing industry, reports Megafishnet.com.

The sinking of Russian "Melkart" trawler during docking at Norway’s Kimek shipyard in March earlier this year may be a blow to the reputation of the facility until now doing a very good business with Murmansk fishing fleets, reports Megafishnet.com.

The delays of the newbuildings constructed under the investment quotas and the resulting costs for the fishermen have led to ideas that it would be fair to extend the validity of the investment quotas from 15 to 20 years, reports Megafishnet.com.   

Vladimir Putin signed Federal Law No. 159-FZ dated 11.06.2021 "On agricultural products, raw materials and food with improved characteristics", the legislation also applying to the fish industry, reports Megafishnet.com.

In the coming years, Sakhalin’s fishery industry is going to implement 14 processing and ranching projects with a total investment value of more than 15 billion rubles (ca. $210 million), reports Megafishnet.com.

The vessels conducting inshore fishery will soon be legally allowed to produce primary products, the types of which will be determined by the Government. These rights are included in the corresponding Bill adopted by the State Duma (Lower House) in the third reading on June 15, 2021. When approved by the Upper House (Federation Council) and signed by President Putin, the law will be applicable to all Russian inshore fisheries but Murmansk will be the main beneficiary because the lack of the above rights was the greatest obstacle to inshore operations in that area, reports Megafishnet.com.

Russian exporters say that since early June the Chinese have been refusing to accept seafood products from Russian onshore factories, reports Megafishnet.com.

The leading speakers from foreign experts and representatives of international organizations confirmed their participation in the business program of the Global Fishery Forum & Seafood Expo Russia 2021.

Direct Russian seafood exports to China have been plummeting in 2021, reports Megafishnet.com.

Federal Agency for Fishery (FAF) has eventually succeeded in selling the last lot of deep-sea crab quota shares at a seventh investment-linked auction taking place on May 31st with the previous six attempts ending in failure for lack of bidders, reports Megafishnet.com.

Russia’s consumer protection body Rospotrebnadzor has joined the working group to help update the requirements for the content of arsenic in fish products, the current obsolete rates preventing an increase in consumption of a number of valuable species, reports Megafishnet.com.