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Russia intends to publicly auction fishery quotas again, the total amount may not be less than 2.5 billion

 Last Update: 2021-08-01
 Source: Internet
 Author: User

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According to foreign media reports, a Russian government official proposed that the national crab and other seafood fishing quotas be again publicly auctioned, the total amount may reach 200 billion rubles (2.
67 billion US dollars)
.

Ilya Shestakov, president of theRussian Federation Fisheries Agency (Rosrybolovstvo), said that the auction of fishery resource quotas will increase federal government revenue and stimulate industry investment
.

A Rosrybolovstvo spokesperson confirmed to UCN that the auction of new quotas will generate 200 billion rubles in revenue, including 140 billion rubles worth of crab quotas and 60 billion rubles worth of Beiyou scallops, sea urchins and scallops.
The specific quotas for each species must be passed through the industry Agreed
.

In 2019, Russia publicly auctioned 50% of the national crab quota, and the government made a profit of 142 billion rubles (US$2.
1 billion)
.
Russian Crab Company (RCC), a subsidiary of the Russian Fisheries Company (RFC), bid 33.
85 billion rubles ($534 million) for 9,450 tons of quota
.

Shestakov said that the quota auction proposal is progressing smoothly, and it is expected that the first auction of quotas will be launched by 2023 at the earliest
.
The auction of new quotas will also include additional conditions such as corporate investment, such as the construction of new fishing vessels
.

In 2019, after RCC purchased the quota, it promised to build 10 new crab boats with a length of not less than 50 meters, and stated that it will complete the shipbuilding order within the time limit specified by the government
.

Earlier this year, RCC CEO Alexander Sapozhnikov stated that the auction of new quotas will further consolidate the company's position in the industry.
Quota bidding and investment in shipbuilding involve high thresholds and require large amounts of financial support
.

Crab seafood

Fishery

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