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Forestry & Logging

News on forestry and logging in Russia.

The Ministry of Industry and Trade suggests cancelling export duties on sawn timber with over 22% moisture content until the end of 2022

June 8, 2022 ` 16:39  
The Ministry of Industry and Trade suggests lifting export duties on sawn timber with over 22% moisture content (except oak, beech and ash sawn timber) until the end of 2022, as reported by Kommersant quoting the Ministry.  The...

Russian timber harvesting industry: how probable is a decline in timber harvesting over the next few months?

June 1, 2022 ` 23:01  
The Russian harvesting industry closed the year 2021 with good performance. The harvesting volume grew by 4%, up to 225 million m³. This is +8 million m³ compared to 2020. Such a growth is explained by the fact...

Government of the Russian Federation banned the export of roundwood, chips and veneer to “unfriendly countries” until the end of 2022

March 23, 2022 ` 17:53  
Government Decree No. 312 dated March 9, 2022 came into force; it bans, until the end of 2022, the export of roundwood (HS code 4403), chips (HS Codes 4401 21, 4401 22) and veneer (HS Code 4408) to...

Komatsu to suspend shipments to Russia

March 10, 2022 ` 18:43  
Due to the current supply chain disruption and the uncertainty of the financial and economic situation, the Japanese forestry equipment manufacturer Komatsu has decided to suspend shipments to Russia for the time being. In line with its crisis...

Ponsse discontinues all operations in Russia and withdraws its profit guidance

March 2, 2022 ` 19:46  
Ponsse Plc has decided to discontinue temporarily all export operations to Russia and Belarus for both PONSSE forest machines and their spare parts. Also the Ponsse Group’s Russian subsidiary OOO Ponsse is discontinues temporarily its local spare parts...

Segezha Group expanded its reforestation area by 20% in 2021

February 8, 2022 ` 20:54  
Segezha Group restored 34,835 ha of forest lands. The reforestation projects have been approved by the governing authorities. Thus, between May and November 2021, Segezha Group restored forests in Krasnoyarsk Krai (15,800 ha), Karelia Republic (8,200 ha), Vologda...

EU challenges Russian export restrictions on wood at WTO

January 25, 2022 ` 22:14  
The EU has requested consultations with Russia at the World Trade Organization (WTO) concerning export restrictions placed by Russia on wood products. The export restrictions consist of significantly increased export duties on certain wood products and a drastic...

Prices for roundwood keep declining на Belarusian commodity exchange

January 12, 2022 ` 22:57  
Prices for industrial timber continue to decline at the Belarusian Universal Commodity Exchange, Belarusian Universal Commodity Exchange (BUCE) reported. “In Q4 2021, the price for roundwood in the domestic market continued to decline. For example, prices for high-quality...

Sistema completes sale of minority stake in Segezha Group

December 30, 2021 ` 21:26  
Sistema PJSFC announces the closing of the sale of 8.7% of the ordinary shares of PJSC Segezha Group to Bonum Capital Ltd for $150 million. Following the closing of the transaction, Sistema PJSFC stake in the share capital...