The Russian government has doubled the size of the investment quota for fishing companies in the Far East. The corresponding decree was signed by Prime Minister Mikhail Mishustin, according to the website of the Cabinet of Ministers.
The size of the investment quota has been increased in order to stimulate the construction of medium-tonnage and low-tonnage vessels for the Far Eastern Fisheries Basin.
The mechanism of investment quotas in fishing has been in effect since 2017. Within its framework, enterprises are granted the right to extract aquatic biological resources when investing in the construction of fishing fleet vessels at Russian shipyards or infrastructure facilities in coastal areas.
