The Russian government announced a new ministerial ordinance regarding log exports from the Far East regions. It states that if any company, which achieved a certain amount of wood processing, wishes to export logs, 6.5% export duty rate is applied. Then the duty will be increased step by step and the rate will be 80% after 2021, which practically prohibits log exports. The idea is to promote wood processing in the Far East regions. The ordinance is effective since January 1, 2018. While promoting processing wood, the ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
