Sanctions and market pressures hit Russia’s Segezha

Russia's supply chain is under severe strain as Western sanctions take a toll on one of the country's largest forestry and paper companies, which has been forced to raise funds through the Moscow Stock Exchange. This move led to a sharp decline in the company's share price, dropping over 20% in a single trading day. Segezha Group Segezha,, reported a 24% loss in the first half of 2024. The company's losses have now reached 9.5 billion rubles (approximately $103 million), with its total debt swelling to 144.2 billion rubles ($1.56 billion) by ...