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According to the objectives of the federal project "Export of Agribusiness Products", the Far Eastern Federal District (FEFD) should increase the export of aquatic biological resources (ABR), including fish, to USD 1,338 million by 2024. Fish and fish products are among the top three agricultural exports in Russia (along with grains and oilseeds). The Far East is the main region in the Russian Federation for the capture of fish and other ABR. The article deals with the indicators of production and export of ABR of the fisheries industry of the FEFD, which includes also the Kamchatka Territory, Primorsky Territory, and the Sakhalin region. The authors consider problems that hinder its effective development and analyze directions and measures to solve existing problems. The main negative factors are associated with the infrastructural shortcomings, such as physical and moral deterioration of the fishing fleet, the lack of modern processing facilities, which do not allow producing fish products with high added value in the proper amount. To develop the concerned industry sector and resolve the issues constraining the growth of production and export capacity in the entities of the FEFD, the Russian government has developed special programs to promote investment activity, the construction of the necessary fishing fleet and infrastructure facilities, and modernization of existing facilities.

The study aims at assessing the current aquaculture insurance in the Russian market. Due to this, it is necessary to understand the role of the aquaculture industry in the economy and determine its development in Russia, as well as to assess the modern concepts and processes of the aquaculture insurance. According to the general conclusions of the study, the fish farmers’ need in insurance varies depending on the type and size of aquaculture enterprises, the financial structure of their business, and the types of the grown aquatic organisms. In the study it is indicated that the aqua-insurance has not yet become a marketing instrument to minimize economic risks for most fish farmers. This is mainly due to the fact that the aquaculture industry in Russia is still relatively small, and therefore there is a lack of knowledge and experience in the aquaculture insurance. However, the Russia’s strategic position, an extensive fund of inland waters and marine areas, and a diverse species composition of farmed and cultivated aquatic biological resources make the aquaculture development rather attractive for business development. Thus, in the study it is concluded that in case of the further development of fish farming, the demand for knowledge and experience in the area of aquaculture insurance will increase.

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