The country’s fishery agency is set to auction 37 crab lots, initial worth amounting to $3.7 billion.
Despite challenges with replacing key crab markets in the United States and Europe lost after its invasion of Ukraine, Russia expects this year to more than double the revenue it derives from auctioning off access to crab quota to the country’s fishermen.
The expected total value of this year’s auction of quota shares, or so-called crab lots, is estimated to reach around RUB 338.8 billion (€3.3 billion/$3.7 billion), according to the All-Russian Fisheries Association (VARPE).
In 2019, Russia’s federal fisheries agency Rosrybolovstvo auctioned 50 percent of the country’s total crab quota, divided into 41 lots, which brought in RUB 142.3
IntraFish is part of DN Media Group. To read more about DN Media Group, click here
IntraFish is part of DN Media Group AS. From November 1st DN Media Group is responsible for controlling your data on IntraFish.
We use your data to ensure you have a secure and enjoyable user experience when visiting our site. You can read more about how we handle your information in our privacy policy.
DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Read more about DN Media Group here.
IntraFish is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies.

source