BarentsNews.com

Fishing companies forming the basis of their city economies should be given quotas on preferential terms. Such a statement was made by Evgeny Nazdratenko, Chairman of Russia’s State Fisheries Committee, at the press conference summarizing the Far East fishermen meeting held on August 20th, 2002.

While allocating quotas for the catch of marine biological resources, special attention should be given to town-forming enterprises that have every right for privileged low-cost quotas.

Nazdratenko underlined that such enterprises have to incur a lot of extra costs apart from those related to fish catching itself, and whole cities often rely on these companies economically. With such a heavy spending incurred, the companies are practically unable to pay for the quotas at the auctions. In such circumstances it makes reason to allocate special cheap quotas to these enterprises for many years ahead.