Despite Western sanctions and the country’s increased international isolation, investment in the sector remains high

Russia typically produces around 100,000 tonnes of crab each year. This catch has always been one of the most profitable segments of the country’s fisheries sector, with volumes mainly oriented towards export markets. Prior to Russia’s invasion of Ukraine on 24 February 2022, most of the Russian crab supply went to Western markets, primarily the European Union and the United States. Following the closure of these markets – brought by trade sanctions in response to Russia’s actions, a lot of these exports have been re-directed to Asia Pacific states.