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Eastern Economic Forum

Russian fishermen invest $4 bln in fleet replacement over decade — expert

"Fishing companies are not merely building new fleet but are also constantly working on improvement of performance of the operating one," German Zverev said

VLADIVOSTOK, September 3. /TASS/. Russian fishing companies invested at least 350 bln rubles ($4 bln) in replacement and construction of fishing vessels over the last decade, President of the All-Russian Association of Fish Producers (ARAFP) German Zverev told TASS on the sidelines of the Eastern Economic Forum (EEF).

"The Russian fishing fleet currently consist of more than a thousand ships, with 70% of them engaged in fishing in the Far East. This is enough for efficient tapping of resources without damage to the ecosystem. Fishing companies are not merely building new fleet but are also constantly working on improvement of performance of the operating one," Zverev said. They regularly upgrade ships and install new equipment, including deep processing, fish fat and meal, and shock freezing production lines, the expert noted.

"According to our estimates, Russian fishermen invested at least 350 bln rubles in fleet construction and replacement over the last decade," Zverev added.

The Eastern Economic Forum (EEF) is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF in 2024 is "Far East 2030. Combining strengths to create new potential.".

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