Russia

Russian sawmills hit hard by sanctions

    Already in May 2022, Russian sawmilling companies were able to largely feel the impact of sanctions [...]

Plywood plants of Russian Sveza work at 20-40% of capacity

Aleksey Mordashov, head of the board of directors of Severstal, which also owns the leading Russian birch plywood producer Sveza [...]

IKEA to sell its four plants in Russia

    The Swedish retailer IKEA plans to sell its plants in Russia.    The [...]

Russian timber industry is looking for ways to export through Belarus and Turkey

Russian lumber companies, forced to halt exports to the EU due to sanctions, doubled supplies to China and Kazakhstan in [...]

Lithuania plans timber export ban as sanctions cause raw material shortage

Due to the export of Lithuanian timber, the local industry is experiencing an increasing shortage and price of raw materials [...]

No sales market for Russian pellet exporters starting July

From July 10, the Russian wood pellet exports to Europe, the main market for Russian companies, will be completely stopped [...]

Skyrocketing wood prices in Japan due to Ukraine war

The war in Ukraine has inflated the cost of timber in Japan.    Russia’s retaliatory measures [...]

Strong demand in Finland’s timber market as imports collapse; wood prices will rise

Finland's wood market has begun to pick up in recent weeks. Purchase volumes and prices of wood have risen [...]

Global port congestion improves, freight rates will remain high

High freight costs, congestion at terminals, earlier peak seasons and due to strict Covid-19 lockdown measures have had a [...]

Some sawmills in Russia expected to curtail production from July

The decline in export volumes due to EU sanctions against the backdrop of rising transportation tariffs and a stronger ruble [...]