The conflict between Russia and Ukraine is impacting the world market for seafood products. The recently imposed sanctions will lead to a disruption of many established trade routes. Among these is the trade of Russian Alaska pollack through China for processing, a product that is now prevented from being re-exported to the US or European market. For the time being, however, Russian exports of Alaska pollack to Chinese processing plants continue without delays.

Meanwhile, seafood imported into Russia is becoming increasingly expensive for the consumer after the collapse of the Russia rouble. As a result, the market is likely to soon be supplied primarily by domestic production.

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