Ukraine Seafood Company Struggles to Survive, SeafoodSource Says

As the Russian invasion of Ukraine continues to devastate the nation, one seafood company is working hard to maintain production, despite huge losses such as the loss of 5,000 pounds of frozen fish when a warehouse was destroyed.

SeafoodSource editor Chris Chase looked at how Kiev-based Universal Fish Company, a leading Eastern European fish and seafood processing company, is faring in wartime.

“It is too early to make an estimate, as the hostilities have continued unabated, and the situation remains grim,” UFC’s Tetiana Krupenko is quoted in the article. “We lost over 5,000 tons of frozen fish in the largest warehouse, amounting to USD 15 million [EUR 13.9 million]. Another loss amounting to roughly USD 20 million [EUR 18.6 million] was in the logistic center in occupied part of Kharkiv region.”

Chase writes that the Ukraine seafood company “is eager to resume business inside and outside of Ukraine as soon as possible.”

“It is vitally important to restore our production and business overall and thus to support Ukraine’s economy,” Krupenko  told Chase. “Internal demand is much lower now, it is just about very basic items.

“So, any new export request would be highly appreciated. Any new customer from [the] E.U., U.S.A., and [the] rest of the world would be an opportunity for us.”

To read the full article, click here.

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