Global markets for Russian-caught seafood are shrinking.
Russia continues to increase its seafood exports to China as it seeks to build new markets for its fish and shellfish after these products were banned from many major Western markets following Russia’s invasion of Ukraine last year.
According to the Russian Fishing Union, the country’s seafood exports to China accounted for 53 percent of country’s total seafood exports this year through July, making China the largest importer of Russian seafood.
Russia’s top five seafood export markets include South Korea, with 34 percent of total imports through July, the Netherlands with 7 percent and Japan and Germany with 1 percent each.
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