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January 22, 2023

Western forestry companies sold 13 plants in Russia since beginning of war in Ukraine

Western companies began to talk about the sale of their Russian assets, immediately opposing Russia's invasion of Ukraine. The exodus from Russia was associated not only with political, but also with economic reasons. As a result of the sanctions, Russian factories that supplied products to Western markets found themselves without sales. And increased freight rates due to the cessation of work with Russian cargo by the largest container companies have sharply increased the cost of deliveries to Asia, the main export market for Russian sawmills and pulp companies.    The withdrawal of foreign companies from Russia ...

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