Latvian Fishing Industry Could Lose $225 Million Due to Russian Import Ban

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Latvian fishing industry could lose up to $225 million because of anti-Russia sanctions, Latvian Agricultural Minister assumed.

RIGA (Sputnik) – The Latvian fishing industry could lose up to $225 million because of seafood import bans to Russia, Latvian Agricultural Minister Jānis Dūklavs said Wednesday.

“The entire fishing industry will not come to a standstill because of the ban, but the size of losses could reach 100 to 200 million euros,” Dūklavs said.

On June 4, Russia’s agricultural watchdog implemented a ban on the import of seafood from Latvia and Estonia over constant sanitary issues during inspections, as well as the seafood containing harmful additives prohibited in Russia.

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