vlad.tribnet.com / Issue #597 / Business / Reading article...

Next year Russia plans to create five innovative seafood markets where fishery companies will be able to sell their products to all interested parties via a centralized database.

By June of 2008 the Russian government is to introduce a law regulating the activities of the so-called ‘fish exchange markets,’ head of the State Fishery department Andrei Krainy announced on Wednesday at a meeting in Kaliningrad.

The port cities of Kaliningrad, Murmansk, Vladivostok, Yuzhno-Sakhalinsk and Petropavlovsk-Kamchatsky may become spots for creating the seafood markets.

According to Krainy, fishery companies will be able to choose whether they want to sell their goods on their own to individual customers or use a centralized database for sales. Judging by foreign companies’ experience, they would normally sell 80 percent of their products to their own clients and 20 percent goes to the seafood markets.

Krainy also stressed that all seafood exports will be executed via the new markets.