IN BRIEF - Putin signed a law accelerating the receipt of tax deductions for fishermen
RUSSIAN FEDERATION
Wednesday, February 28, 2024
Russian President Vladimir Putin signed a law allowing for faster receipt of tax deductions for fees for the use of aquatic biological resources.
Changes to the Tax Code of the Russian Federation will make it possible to apply the deduction not a year after the development and processing of aquatic biological resources, but after the extraction or catching of aquatic biological resources and the production of products with high added value from them. At the same time, funds within the established amount of the deduction will be retained in the circulation of fish producers - payers of the collection.
Vladimir Putin and Sergei Mitin
“Companies could receive such a deduction only in the third year after processing the catch. Now this period will be shortened. It will be possible to apply for the deduction based on the results of the extraction and processing of biological resources and apply it when applying for the next permits. The transfer of unused deductions to the next year also continues,”Sergei Mitin, First Deputy Chairman of the Federation Council Committee on Agricultural and Food Policy and Environmental Management, commented on the document.
In addition, restrictions on the one-time use of the deduction within 2 years by fee payers are eliminated. And the period for applying the deduction is 2 calendar years, according to the new law.
The Yamagawa Fisheries Cooperative and regional organization SEAFDEC/TD receive top honors at the JSSA 2026 awards
The Executive Committee of the Japan Sustainable Seafood Award announced the winners of its seventh edition in Tokyo. In the National Division, the award went to the Yamagawa-cho Fisheries Cooperative (Ibusuki, Kagoshima) for its blue carbon project. Local fishers deployed 89 vegetative mats covering 445 square meters to restore seagrass beds (Zostera marina), successfully expanding the ecosystem to 1,500 square meters, certifying 1.4 tons of carbon dioxide in blue carbon credits, and commercially utilizing catches of the herbivorous lowfin chub (Kyphosus vaigiensis).
In the newly established Asia Division, the award went to the Training Department of the Southeast Asian Fisheries Development Center (SEAFDEC/TD), affiliated with ASEAN. Backed by the Japanese Trust Fund, the initiative consolidated a database tracking 5,370 fishing vessels across 28 parameters, trained more than 800 fisheries inspectors, and deployed an electronic catch documentation system to combat illegal, unreported, and unregulated (IUU) fishing.
The National Institute of Fisheries Science develops a system that reduces ammonia-related mortality in containers bound for the United States
The National Institute of Fisheries Science (NIFS), led by Director Kwon Soon-wook, has successfully developed and validated a technology designed to mitigate ammonia accumulation and preserve the freshness of live seafood during extended transoceanic routes.
The maritime voyage to the Port of Long Beach in the western United States takes approximately four weeks in total, with a specific sailing time inside live fish transport containers of around 15 days for olive flounder (Paralichthys olivaceus). Through a collaborative project launched in 2024 with local exporters, NIFS engineered an ammonia-reduction device. During real-world testing at destination—which extended to 22 days of transit due to operational delays—the system reduced ammonia concentrations in the tanks by 14.2% and blood ammonia levels in the specimens by 22.2%, while also lowering physiological stress markers. This breakthrough will allow higher loading volumes per container and facilitate market expansion to distant destinations in the Eastern United States and Europe.
The six coastal states formally concluded their multilateral consultations at the London headquarters of the North-East Atlantic Fisheries Commission (NEAFC) without formalizing a binding catch-sharing agreement for the 2027 season.
Despite exhausting the official schedule of dialogue, delegations from the United Kingdom, the European Union, Norway, Iceland, the Faroe Islands, and Greenland failed to reach a consensus on the political distribution of quota shares.
The main bone of contention centered on reconciling historical catch rights with demands for territorial access. The persistence of an earlier four-party framework that sidelined the European Union has led, in practice, to accumulated unilateral allocations that exceed sustainable biological limits.
Negotiators reviewed scientific advice from the International Council for the Exploration of the Sea (ICES), which recommended a total allowable catch (TAC) ceiling of 352,938 tonnes for 2027. Although the spawning stock biomass registered a favorable 4.5% increase above the biological limit point, the industry laments that the lack of a comprehensive settlement will perpetuate operational uncertainty.
Sector consumed 92% of the fishmeal sold in 2025, with almost half of that going to China
Demand from the expanding aquaculture sector was responsible for 96% of a 372,000-tonne increase in fishmeal consumption last year, members of marine ingredients organisation IFFO have been told.The sector consumed 92% of the 5.8 million tonnes of fishmeal sold last year, and 72% of the fish oil, IFFO market research director Enrico Bachis said in a presentation to the organisation’s annual conference in Buenos Aires, Argentina, this week.
Author: Gareth Moore / fishfarmingexpert | Read the full article here
From November 2–6, CITES will review Mexico's efforts against illegal gillnets in Geneva.With only around 12 vaquitas remaining in the Gulf of California, the meeting will assess whether deployed concrete blocks can effectively protect the critically endangered species.
Norway’s fisheries minister has defended a further cut to salmon farming capacity in western Norway, arguing that the environmental benefits justify restrictions on production and employment.
Marianne Sivertsen Næss was responding to Conservative MP Bård Ludvig Thorheim, who asked the government to assess the economic consequences of repeated cuts under Norway’s traffic-light system.
The system divides the coast into 13 production areas. Every two years, each receives a colour based on the assessed impact of sea lice from fish farms on wild salmon. A red designation requires a 6% reduction in permitted farming capacity.
Source: SalmonBusiness | Read the full article here
Moscow — The governments of Russia and China agreed to promote and expand commercial trade in seafood products, following the conclusion of the 31st regular meeting between the heads of government of both nations. The high-level summit was led by Russian Prime Minister Mikhail Mishustin and Chinese Premier Li Qiang.
As confirmed in the final joint communiqué, both delegations established a priority technical agenda for the fisheries sector. Among the key agreements, both nations will work in coordination to restore the export status of key enterprises and advance the formal registration of fishing companies in both jurisdictions.
Furthermore, the parties agreed to expand the list of accredited suppliers, expedite review and processing timelines for commercial applications, and deepen bilateral cooperation mechanisms aimed at ensuring food quality and safety standards across reciprocal shipments of aquatic products.
The president of Europêche, Javier Garat, the community fishing association, conveyed this Thursday to the Commissioner for Fisheries and Oceans, Costas Kadis, the disappointment of the entire sector with the Vision 2040 for fishing and aquaculture presented last Tuesday in Strasbourg. Garat, who criticized that the document avoids the much-requested reform of the common fisheries policy (PCP or CFP, for its acronym in English), did not rule out mobilizations from the sector to attract the attention of President Ursula von der Leyen.
Author:Jose G. Santalla / La Voz de Galicia | Read the full article here
Irish marine engineering firm recognised for innovation and international growth.
SeaQuest Systems, based in Killybegs, Ireland, won BIM Aquatech Business of the Year 2026. Founded in 1986, it employs over 90 people, manufacturing fish pumps, cranes and hydraulic equipment for aquaculture clients in Europe and North America.