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August 2, 2022

Russian timber, timber product exports likely to see double-digit decline in second half

Russian sawn timber exports, which have been sanctioned by the EU along with other wood products since July 10, were up 3.4% in the January-June period. Sources in Russian Kommersant news daily pointed out that while Russian companies are trying to adjust their export focus to the Middle East and Asia, experts predict a double-digit decline in exports of products such as pellets, sawn timber and plywood.  Shipments abroad by Russian timber exporters rose 3.4 percent to 13.4 million cubic meters in the first half of the year. The relevant Russian statistics department ...

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