
Managing Director of Rosselkhozbank Oleg Lityaykin announced the potential for growth in exports of Russian fish products to the BRICS countries by $2 billion per year, highlighting China, Brazil and the UAE as key markets.
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The BRICS countries occupy a significant share in the global fish and seafood import market, amounting to about 17.5% of the global volume.
Russian fishing companies have the potential to increase exports to the BRICS countries. This was stated by the managing director of the Center for Industry Expertise of Rosselkhozbank (RSHB), Oleg Lityaykin, his words are quoted by Interfax.
He named China, Brazil, the United Arab Emirates (UAE), India, Indonesia, Egypt and Iran as promising export destinations. Lityaykin estimated the potential at $2 billion per year. “This is what the BRICS countries can get from Russia,” he concluded.
The BRICS states, Lityaykin noted, are playing an increasingly significant role in the global fish market. At the end of last year, the share of these countries in the structure of world imports of fish and seafood was approximately 17.5 percent—$35 billion out of 200 billion. Among the BRICS countries, China (28.4 billion), Brazil (about 1.5 billion) and the UAE (823 million) have the greatest potential, Lityaykin concluded.

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