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    Home > Food News > Food Articles > Japan's fisheries continue to suffer losses from Western sanctions on Russia

    Japan's fisheries continue to suffer losses from Western sanctions on Russia

    • Last Update: 2022-08-19
    • Source: Internet
    • Author: User
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    So far, most of the red fish in the Japanese market has been imported from Norway and some EU countries, and Russia has recently closed its airspace to most transatlantic flights, causing serious problems in the fish trade between the EU and the Asia-Pacific region, and This has resulted in a substantial increase in costs for most producers and buyer.
     
    The sanctions imposed on Russia by Western countries also affect the seafood trade between Japan and Russi.
     
    Until February 24, 2022, Japan's demand for fish and other seafood from Russia has been steadily increasing, and it is Russia's fourth largest buyer of seafoo.
    Last year, the supply of frozen fish products in Russia was 67,000 tons, an increase of 9 times year-on-year, valued at $516 million, an increase of 7 time.
    Among these imported products, fish liver, caviar and surimi from Russia accounted for Japan's seafood product.
    58% of the import value, of which 35% comes from sockeye salmon from Russi.
     
    The current Western sanctions against Russia have had a negative impact on the Japan-Russia crab trad.
    In 2021, Russia provided Japan with about 5,000 tons of crabs, with a total value of about $85 million, of which the largest supply products are live crabs, fresh crabs and ic.
    Fresh crabs, but those numbers are likely to drop significantly this yea.
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