Russia's fishing industry

Overview

Russia’s fishing industry provides a spectacular case history of the Soviet collapse and ensuing chaos. Production fell by half as the old ocean-going trawler fleets seized up, and sector bureaucrats are now mooting a revival through a state corporation after the present fashion. But this is irrelevant to the really profitable business, which is commercial fishing in Russia’s rich territorial waters – especially in the Far East. Buoyant Asian markets for Russian fisheries are joined by...