Blog

Forest Group LLC (Galich) will invest more than 330 million rubles in production development. This project was supported by the regional investment board. In May 2022, the company shared its plans of building another administrative and amenity building,...

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

The Agency submitted a proposal to amend the Code of Administrative Offences to the Russian Ministry of Natural Resources. The draft amendment exempts users of LesEGAIS system from liability for failure to procure an accompanying document in case...

The list of equipment whose import will be exempt from the Value-Added Tax (VAT) now includes a line of equipment (including spare parts and components) required for MDF production. The corresponding Decree was signed by Mikhail Mishustin, Chairman...

The divestment of all shares in OOO Ponsse, Ponsse Group’s subsidiary providing PONSSE services in Russia and Belarus, is currently being negotiated. The signing will be completed in the near future. “We have been looking for a solution to...

According to the press office of Federal Forestry Agency (Rosleskhoz), in Q1 2022, more than 2.5 million electronic accompanying documents were created in the updated LesEGAIS system for transportation of timber whose total volume exceeded 108 million m³....

According to the supreme state audit body, one of the reasons for failing to meet the revenue plan is the growing debt in forest use payments that reached 1.1 billion rubles. The actual expenses were 50.6 billion rubles,...

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...

In January-April 2022, plywood production in Russia decreased by 10.3% YoY to 1.346 million m³, Rosstat reports. Production declines for the second month in a row. In April 2022, plywood production fell by 6.5% compared to the previous...

The year 2021 was the most successful in contemporary history for the Russian timber industry in terms of financial performance. The revenue of timber enterprises soared by 32%, up to 2.9 trillion rubles; their net profit, by 3...

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...

Stora Enso has entered into an agreement to divest its two sawmills in Russia. The Company’s Nebolchi and Impilahti sawmills will be divested to local management. In addition, the divestment includes Stora Enso’s Russian forest operation which through...