Russian timber companies fallen into serious losses; ask for government help

Russian timber companies fallen into serious losses; ask for government help
A few days ago, the Russian timber industry, through regional officials, asked the government to take new support measures in terms of compensating transportation costs and improving export conditions.    Today, the capacity utilization rate of Russian timber companies and the volume of timber fell simultaneously, transportation costs increased, while timber prices fell by more than half, and companies are in a state of loss for certain types of products.    Mikhail Shamolin, the head of the Russian Segezha Group said: "It is recommended not to focus on finding options to directly subsidize forestry ...

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