According to Ms. Ta Ha, pangasius market expert of the Vietnam Association of Seafood Exporters and Producers (VASEP), after Russia opened a special military campaign in Ukraine, the situation of Vietnam's pangasius exports to the US market has changed. This school is temporarily suspended and facing many difficulties.

Information from a number of pangasius exporters to Russia shows that, after Western countries introduced a series of financial sanctions targeting Russian banks, the ruble fell by nearly 30%, to the lowest level ever against the USD.

Pangasius exports to Russia are being interrupted because of the Russia-Ukraine war. Photo: TL .

Due to the strong depreciation of the ruble, many Russian importers do not want to pay for their orders. The payment situation through banks of businesses is almost paralyzed, some importers have accounts in other countries but the payment is not easy.

Therefore, businesses have temporarily stopped signing pangasius export orders to Russia, although many importers of this country still want to continue cooperation without interruption.

Shipping lines have also announced that they do not accept shipping containers to Russia because of the very high risk that shipments may be detained at the port of Rotterdam before reaching two major Russian seaports, Saint Petersburg and Vlapotok.

In 2021, due to the impact and influence of the Covid-19 epidemic, the demand for importing frozen Russian pangasius fillets from Vietnam increased sharply. Vietnam is one of the three largest markets for white fish products to Russia (after Argentina and China).

Vietnam is a unique market supplying frozen pangasius to Russia. Pangasius exports to Russia in 2021 will reach 32.5 million USD, up 72.5% compared to 2020. Over the past years, Vietnamese pangasius enterprises still consider Russia as a market with great potential and great demand. .

nongnghiep.vn