INNOVATIVE PRACTICES TO ADDRESS THE INCREASE OF AQUACULTURE PRODUCTION IN RUSSIA

Issue № 1, 2025, article № 17, pages 177-186

Section: Economics of agribusiness sectors

Language: Russian

Original language title: ПУТИ ПРЕОДОЛЕНИЯ ПРОБЛЕМ РОСТА ПРОИЗВОДСТВА АКВАКУЛЬТУРЫ В РОССИИ

Keywords: AQUACULTURE, PRODUCTION, SOLUTIONS TO PRODUCTION GROWTH, MARKET, CHALLENGES, COMMERCIAL AQUACULTURE

Abstract: in recent years, the aquaculture products have been noticed outpacing industrial fishing products. The reason for this phenomenon lies in the growing world population that requires an increasing amount of produced and consumed food. Fish products and seafood, in particular, play vital role in providing animal protein for a healthy lifestyle. The Food and Agriculture Organization (FAO) forecasts that aquaculture production will increase to 201 million tons by 2030. Most of this increase will come from developing countries. Today, commercial aquaculture has become an essential part of the fishing industry in many countries, as it is a rapidly growing and promising economic activity. There are very good conditions and opportunities in Russia for the further development of this industry due to its abundance of lakes, rivers, and coastal waters. These factors make it an ideal location for growing fish and seafood products. At the initial stage of the aquaculture development, all required equipment was purchased abroad. This practice was justified before, but now the current high dependence on imports of the main components for commercial aquaculture causes numerous issues for Russian producers. These risks may turn into suspension of work of large companies that cultivate Atlantic salmon. Measures to stimulate the development of the fisheries sector, which were implemented under different circumstances, are no longer effective in terms of production growth. New support measures and adjustments to the regulatory framework are required to achieve the desired results. The state authorities are considering amendments to current legislation regarding the possibility of clarifying the boundaries of fishing sites in order to increase the investment attractiveness of aquaculture. This would allow regions to implement these facilities and explore the opportunities for boundaries change and production control. With the right and systematic application of natural, technological, and scientific advantages, along with the necessary investment, Russia has a high potential to address these challenges in a timely manner.

Authors: Mitin Sergey Gerasimovich, Seregin Sergei Nikolaevich, Sysoev Georgii Vladimirovich