Tag: WTO

EU challenges Russian export restrictions on wood at WTO

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...

Russian timber industry news #4-2015

– In the autumn of 2015, three new pellet mills delivered by Hekotek will be put into operation in the Irkutsk region. – The EU requested the establishment of a dispute settlement panel at the World Trade Organization...

UPM: Major benefit of Russia’s accession to WTO will be in softened customs procedures

On the pages of corporate Griffin journal, top managers of UPM expressed their outlook on possible results of Russia’s WTO accession for the company. Pekka Rajala, VP, Sourcing Director North Europe, supposes that elimination of export duties will...

“Forestry News”: wood pricing pecularities in Russia and Finland

According to expert forecasts, reduction of customs duties within the framework of the WTO accession could lead to a more than threefold increase in the export of logs from Russia, as said in Russian Forestry News. This will...

Russian forest industry revenue increased by 6.5% to €18.46 billion in 2012

Russian forest industry earned 733.6 billion Rubles (€18.46 billion) in 2012, which is 6.5% higher than in 2011, as said in the annual report published by WhatWood analytic department. Sales profit amounted to 52.88 billion Rubles, which is...

Head of Duma Forest Council: Russia’s accession to WTO will cause mill closures, but will help Russian loggers

Moscow, November 20. Woodworking and pulp and paper mills will possibly go through massive closures after Russia’s accession to WTO, as predicted by former Vologda region governor, now Head of Forest Council in State Duma Vyacheslav Pozgalyov. Russian...

Titan Group: WTO possibly to close a number of sawmills

WTO accession will possibly lead to closures of low-efficiency and old mills that don’t have possibilities to cut internal costs, as said by Dmitriy Krylov, Deputy CEO, Foreign Relations of Lesozavod-25 mill (belongs to Titan Group). ‘’Acute competition...

WTO possibly to stop a line at Kondopoga

Newsprint maker Kondopoga mill (Republic of Karelia) will have to stop one of its paper-making machines after new rates will become active due to Russia’s accession to WTO, as head of Federal Forest Agency (Rosleskhoz) Viktor Maslyakov supposed at the agency...