Crab Goes to Auction Again

Russia’s Federal Agency for Fisheries has rolled out plans to run a second round of crab quota auctions. This is not likely to happen soon, as among other reasons, because there is simply no capacity to build crabbers in Russia’s Far East. ‘Federal Agency for Fisheries is working on the second round of crab auctions,’ confirmed the Agency’s director Ilya Shestakov, adding that just like during the first round, quotas are planned to be sold with “investment liabilities.” It is estimated that the first-round winners embarked on the construction of 35 crabbers with a total value of 57.4 billion rubles ($800 million). >click to read< 13:50

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