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S.
seafood companies have just a few days left to import seafood from Russia to comply with Biden’s executive order banning seafood “originating in the Russian Federation
.
”
The U.
S.
Treasury Department recently released more details about the order, saying that the U.
S.
Office of Foreign Assets Control (OFAC) has also issued a general license related to Russia "to authorize the importation of fish, seafood, and seafood for a limited time under pre-authorization.
" and its products” existing written contracts or written agreements
.
S.
Treasury Department recently released more details about the order, saying that the U.
S.
Office of Foreign Assets Control (OFAC) has also issued a general license related to Russia "to authorize the importation of fish, seafood, and seafood for a limited time under pre-authorization.
" and its products” existing written contracts or written agreements
.
The U.
S.
Treasury Department said the Office of Foreign Assets Control can also issue licenses on a "case-by-case" basis for shipments after the March 25 deadline
.
S.
Treasury Department said the Office of Foreign Assets Control can also issue licenses on a "case-by-case" basis for shipments after the March 25 deadline
.
A White House statement said the U.
S.
issued the ban last week in coordination with European Union (EU) and Group of Seven (G7) countries
.
The U.
S.
seafood industry trade group largely supports Biden's move to ban Russian seafood, but remains concerned that it won't be enough to stop all seafood from Russia
.
S.
issued the ban last week in coordination with European Union (EU) and Group of Seven (G7) countries
.
The U.
S.
seafood industry trade group largely supports Biden's move to ban Russian seafood, but remains concerned that it won't be enough to stop all seafood from Russia
.
This week, several experts and executives in the seafood industry said the challenge of tracking Russian seafood entering China for reprocessing and then ending up in the United States
.
"International seafood trade is complex, and it is difficult to say precisely how the U.
S.
ban on Russian seafood will affect global redistribution and changes in consumption," said McKinley, the management consultant
.
.
"International seafood trade is complex, and it is difficult to say precisely how the U.
S.
ban on Russian seafood will affect global redistribution and changes in consumption," said McKinley, the management consultant
.
“Russia is the eighth largest direct seafood exporter to the US in 2021 by value, worth $1.
2 billion (€1.
1 billion), with the main products being snow crab, king crab and cod
.
These products may be found based on rapid changes Global trade policies of other countries in other markets
.
”
2 billion (€1.
1 billion), with the main products being snow crab, king crab and cod
.
These products may be found based on rapid changes Global trade policies of other countries in other markets
.
”
One problem with the U.
S.
ban, according to the executive director of the Alaska Bering Sea Crab Association, is that crabs from Russia only need to be labeled as a country of origin if they are raw or uncooked
.
She explained that most crabs coming into the U.
S.
from Russia are cooked
.
"No one knows how all this will play out in the marketplace," she said of the executive order's impact
.
S.
ban, according to the executive director of the Alaska Bering Sea Crab Association, is that crabs from Russia only need to be labeled as a country of origin if they are raw or uncooked
.
She explained that most crabs coming into the U.
S.
from Russia are cooked
.
"No one knows how all this will play out in the marketplace," she said of the executive order's impact
.
Most of the Russian whitefish imported into the United States also bypasses China, but there is no specific import data to distinguish the source of the fish for American regulators to accurately track
.
The chief executive of Trident Seafoods said recently that a U.
S.
ban on Russian seafood imports could include products reprocessed in China, but would be difficult to enforce in an "unregulated industry
.
"
.
The chief executive of Trident Seafoods said recently that a U.
S.
ban on Russian seafood imports could include products reprocessed in China, but would be difficult to enforce in an "unregulated industry
.
"
