EU+UK plywood market shifts amid Russia-Ukraine war

EU+UK plywood imports from Russia and elsewhere dipped a little in early 2020 with the onset of the pandemic but reached new heights in 2021 and the first half of 2022 with the sharp rebound in construction and DIY activity after the first lockdown period. Then, in February 2022, Russia invaded Ukraine and the EU and UK responded by imposing economic sanctions on Russia and Belorussia, including a total ban on all imports of timber products from both countries. Some large European companies also responded with their own self-imposed boycotts of products from these countries. Direct EU ...