Seafood industry braces for losses of jobs, fish due to sanctions

The latest round of U.S. attempts to punish Russia for the invasion of Ukraine includes bans on imports of seafood, alcohol and diamonds. The U.S. is also stripping “most favored nation status” from Russia. Nations around the world are taking similar steps.

“If you’re getting cod from Russia, it’s going to be a problem,” said Glen Libby, an owner of Port Clyde Fresh Catch, a seafood market in Tenants Harbor, Maine. “That’s quite a mess. We’ll see how it turns out.” In the U.K., where fish and chips are a cultural marker, shop owners and consumers alike are bracing for price surges. British fish and chip shops were already facing a squeeze because of soaring energy costs and rising food prices.

“We’re a massive part of U.K. culture and it would be a shame to see that go,” he told broadcaster ITV. In the U.S., the dependence on foreign cod stems to the loss of its own once-robust Atlantic cod fishery that cratered in the face of overfishing and environmental changes. U.S. fishermen, based mostly in New England, brought more than 100 million pounds of cod to the docks per year in the early 1980s, but the 2020 catch was less than 2 million pounds .

“I have heard from seafood processors in my home state with concerns about potential sudden effects of a new, immediate ban on imports on their workforce, including hundreds of union workers in the seafood processing industry,” he said on the Senate floor in February.

LI

Rich.B back in the studio and journalist standards are back at N12.

We don’t need no more job loss

LI …. Maybe seafood from Russian waters .. but that would be like 0.0001% of what USA consumes 😂🤣😂 but sure just ho ahead and raise prices just because..

NJ Well then they shouldn't wonder why they'll go out of business. Its bad enough the prices are through the roof and now they are raising them again?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seafood Industry Braces for Losses of Jobs, Fish Due to Sanctions on RussiaThe global seafood industry is preparing for disruption due to new sanctions on Russia. Got seafood last week. Lobster
Source: nbcsandiego - 🏆 524. / 51 Read more »

Seafood industry braces for losses of jobs, fish due to sanctionsU.S. consumers are most likely to notice the impact of sanctions via price and availability of fish. Here's what to expect.
Source: dothaneagle - 🏆 337. / 59 Read more »

World’s seafood industry braces for big disruptions due to sanctions on RussiaThe worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by.
Source: adndotcom - 🏆 293. / 63 Read more »