The validity period of the quota should be increased to 15 years, it will provide industry investment attractiveness, the head of the working group of the state Council of the Russian Federation Oleg Kozhemyako. Now the validity of the quotas is 10 years.
MOSCOW, 19 Oct. The head of the working group of the State Council of the Russian Federation Oleg Kozhemyako proposes to increase the period of validity of quotas for fish catch from 10 to 15 years.
“Long-term quotas provided investment attractiveness of the sector, the necessary recharge of Bank loans, given the obvious economic effect achieved long-term fastening of quotas, said Kozhemyako at the state Council Presidium on the development of the fisheries industry in the country. — For further development of the industry and creation of conditions for attracting investment offer to extend the term of fastening of shares of quotas for the catch of marine bioresources to 15 years.”
Currently rybodobytchikami permission is given by the so-called “historical principle” — a catch specific amount of fish for 10 years, and this rule will be in effect until 2018. The Ministry of agriculture and Rosrybolovstvo now propose to extend this to 25 years.