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UK restaurants seek relief as Russian whitefish sanctions loom

May 16, 2022 โ€” The U.K.โ€™s restaurant and hospitality industry is asking for financial help as it faces higher taxes and rapidly rising seafood prices due to inflation and impending Russian sanctions.

The U.K. government issued sanctions against Russian goods โ€“ including the installation of a 35 percent tariff on whitefish โ€“ in March. In April, a government official said the sanctions had been โ€œdelayed while we sort some technicalities,โ€ but noted โ€œwe are totally committed to them,โ€ per Politico.

Read the full story at SeafoodSource

 

US Senator Marco Rubio files bill to ban Russian seafood from entering US

May 9, 2022 โ€” Another U.S. senator has come forward with a bill that would prohibit Russian seafood imports from entering the country.

On 4 May, 2022, U.S. Sen. Marco Rubio (R-Florida) filed S.4143 in the chamber. Dubbed the Protecting American Food Producers from Russiaโ€™s Market Distortions Act, the bill would keep fish and other products out of American ports until Russia meets certain conditions.

Read the full story at SeafoodSource

 

Japan, Russia settle salmon quota amid tensions over Ukraine

April 23, 2022 โ€” Japan and Russia have reached an agreement over Tokyoโ€™s annual catch quota for Russian-born salmon and trout, the Japanese Fisheries Agency said Saturday, despite delays and chilled relations between the two sides amid Russiaโ€™s invasion of Ukraine.

The agreement on Japanโ€™s quota for the popular fish in waters near disputed islands north of Hokkaido is a relief for Japanese fishermen who were worried about the prospects amid worsening ties between the two governments.

Japan and Russia concluded talks Friday, setting a catch quota of 2,050 tons for salmon and trout this year in Japanโ€™s 200-nautical-mile exclusive economic zone, the fisheries agency said in a statement. The quota is unchanged from last year, and Japan will pay 200-300 million yen ($1.56-2.34 million) in fees โ€” depending on the actual catch โ€” to Russia.

Read the full story at the Associated Press

 

US Sanctions on Russiaโ€™s Seafood Have a Big Loophole: China Processors

April 15, 2022 โ€” A U.S. ban on seafood imports from Russia over its invasion of Ukraine was supposed to sap billions of dollars from Vladimir Putinโ€™s war machine.

But shortcomings in import regulations mean that Russian-caught pollock, salmon and crab are likely to enter the U.S. anyway, by way of the country vital to seafood supply chains across the world: China.

Like the U.S. seafood industry, Russian companies rely heavily on China to process their catch. Once there, the seafood can be re-exported to the U.S. as a โ€œproduct of Chinaโ€ because country of origin labelling isnโ€™t required.

The result is that nearly a third of the wild-caught fish imported from China is estimated to have been caught in Russian waters, according to an International Trade Commission study of 2019 data. For pollock and sockeye salmon, the rate is even higher โ€” 50% to 75%.

โ€œChina doesnโ€™t catch cod. They donโ€™t catch pollock. But yet, theyโ€™re one of the largest exporters of these whitefish in the world,โ€ said Sally Yozell, a former policy director at the National Oceanic and Atmospheric Administration who now is a senior fellow at the Stimson Center in Washington. โ€œHaving it labeled as a Chinese product is really not fair to the consumers and to restaurants.โ€

Read the full story at NBC New York

Despite war ban, Russian seafood could enter the US anyway

April 15, 2022 โ€” Fishing is big business in Russia, one closely linked to the Kremlin and President Vladimir Putinโ€™s projection of power at sea.

The country is one of the worldโ€™s top seafood producers and was the eighth-largest exporter to the United States last year, with more than $1.2bn worth of sales, the bulk of it king crab.

But it is unknown exactly how much manages to land in the US by way of China, which sent another $1.7bn in fish to the US last year. Nor does the Biden administrationโ€™s ban require companies importing from China to find out.

Among Russiaโ€™s biggest seafood exports is Alaska pollock. A cousin of cod, Alaska pollock is the most harvested fish in the US, showing up in everything from imitation crabmeat to McDonaldโ€™s Filet-O-Fish sandwiches. Every year, giant, floating factories in the Bering Sea and Gulf of Alaska catch 1.5 million tonnes of fish, the equivalent of more than four times the weight of New Yorkโ€™s Empire State Building.

Read the full story at Al Jazeera

Russia forced to reshape fleet-renovation project due to sanctions

April 14, 2022 โ€” A month and a half into Russiaโ€™s invasion of Ukraine, a clearer picture of the challenges the Russian seafood sector will be facing as a result of international sanctions is coming into focus.

Russiaโ€™s invasion of Ukraine immediately caused turmoil in global seafood markets, and the consequences on trade caused ripple effects that still havenโ€™t subsided. Multiple rounds of economic sanctions imposed by the European Union, the U.K., and the U.S. have already impacted the seafood industry.

Read the full story at SeafoodSource

 

Russian crab flows to South Korea amid sanctions, Chinaโ€™s lockdowns

April 12, 2022 โ€” Exporters from Russia are shipping more crab to South Korea after being locked out of other international markets.

Many of the worldโ€™s biggest markets for crab, including the U.S., the E.U., the U.K. have announced bans on Russian seafood imports in response to Russiaโ€™s invasion of Ukraine. Simultaneously, Chinese government has imposed lockdowns in Shanghai and several other cities to control a COVID-19 outbreak, a move expected to hinder inflows of seafood to China.

Read the full story at SeafoodSource

 

ICES suspends Russiaโ€™s membership over invasion of Ukraine

April 11, 2022 โ€” The International Council for the Exploration of the Sea (ICES) has temporarily banned Russian delegates from participating in the organizationโ€™s activities until further notice in response to the Russian invasion of Ukraine โ€“ a move Russia claims will backfire by hampering the councilโ€™s scientific research.

On its website, ICES said that since the beginning of the Russian invasion, member-countries โ€œhave instructed their scientists and representatives to either boycott or avoid engagement in activities where representatives of the Russian Federation are present.โ€

Read the full story at SeafoodSource

 

US Senate moves to end normal trade with Russia, but seafood ban โ€œunenforceableโ€

April 7, 2022 โ€” The U.S. Senate voted unanimously on 7 April to end normal trade relations with Russia, at the same time as a hearing of the U.S. House Natural Resources Subcommittee on Water, Oceans, and Wildlife attempted to address what members called an โ€œunenforceableโ€ ban on Russian seafood imports.

The Senate vote, coming in response to Russiaโ€™s invasion of Ukraine, effectively gives Russia the same trade status as other โ€œpariahโ€ states like North Korea, and will allow U.S. President Joe Biden to continue tightening trade with the country and allow for tariffs of up to 25 percent on Russian seafood โ€“ if and when the recently enacted seafood ban is lifted. The decision by the Senate, which according to ABC News is likely to be supported by the House and later signed by Biden, also impacts Belarus and effectively ends โ€œmost-favored nationโ€ trading status between the U.S. and Russia.

Read the full story at SeafoodSource

EUโ€™s new Russia sanctions package includes ban on seafood

April 6, 2022 โ€” A fifth round of sanctions against Russia, including a ban on imports of Russian seafood, has been proposed by the European Commission, amid fresh allegations Russia has committed war crimes during its invasion of Ukraine.

European Commission President Ursula von der Leyen said on Tuesday, 5 April, she expected seafood to be among EUR 5.5 billion (USD 6 billion) worth of specific import bans, along with wood, cement, alcohol, and other products. Von der Leyen said the move would seek to โ€œcut the money stream of Russia and its oligarchs,โ€ and also close financial loopholes that currently exist between Russia and Belarus.

Read the full story at SeafoodSource

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