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

PORTLAND, Maine — The 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.

People are also reading… "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." Andrew Crook, head of the National Federation of Fish Friers, said earlier this month that — even before the war — he expected a third of Britain's fish and chip shops to go out of business. If fish prices shoot up even higher,"we are in real dire straits," he said.

"Because seafood is a global commodity, even if they are not harvested in Russia, you will notice the price hike," Tokunaga said.

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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.
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