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01 March 2012

Russia to see more fish breeding

Russian fisheries to develop fish breeding

According to the recent interview of First Deputy Prime Minister Mr. Victor Zubkov, fish breeding is one of the major concerns in Russian fishing industry.
Potential of this business is tremendous, but still very poorly implemented. For example, share of fish breeding in Russian fish production is below 3%, while in other countries this figure reaches 40% and even over 60% in China.
But I’m glad to state that some clever decisions have been recently taken.
One of them is draft of the Federal Law “On Fish Breeding”. Among other things, this document should alleviate access to water and biological resources for Russian fish breeding companies.
Secondly, a draft of the State Program of fisheries development which includes more effective forms and mechanisms to regulate and stimulate fish breeding activity. In particular, the program provides partial state funding for interest on loans taken for breeding, production, purchase of feed, fish breeding stock and other materials, introducing energy-saving technologies, insurance payments, etc. Also, the state program provides for the use of leasing arrangements for purchase of machinery and equipment.
I highly support this initiatives and am very curious about the results of its implementation.


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