Fishery technology in Russia has long lagged behind that of other competing nations, especially in the North Atlantic. After years of technological divergence, however, the tide now seems to be turning in Russia. The country, which has the fourth longest coastline in the world, recently put an ambitious strategy in place to modernize its seafood sector, allocating massive resources to all areas of the industry, from infrastructure to fish processing. An investment quota mechanism was also established. This has created large opportunities for companies involved in fishery technology. Russia’s grand plan for its fishing industry signals to other seafood nations that the future of fishing lies in technology and that if a large nation can revitalize its fishing industry, then others can too.
The Russian Seafood Modernization – a message from Russia
