The lumber industry is reportedly unravelling under the impact of sanctions as companies struggle to find new markets for ...

The Russian economy is facing a crisis as the country struggles to deal with the double whammy of biting sanctions and record ...

Sanctions and record-high interest rates are taking their toll on Russia's economy, with the country facing a growing ...

"We need to support those working in this sector, considering the challenges in global markets and with product sales. Therefore, we certainly need domestic processing, which in fact aligns with our ...

The full digitalization of the Russian timber industry will start on January 1, 2025. It is also planned to update the strategy for the development of the country's forestry industry. This is reported ...

Companies using the timber are putting themselves at risk of hefty financial penalties or referral for criminal prosecution.

Russian companies have supplied over €1.5 billion worth of timber to the EU since the imposition of sanctions, using third countries to bypass restrictions. Source: an investigation by the British non ...

The investigation ‘Blood-stained birch: exposing the EU trade in Russian conflict ply,’ caught firms on camera, in voice calls and through internal documents arranging a stead ...

TASS/. One of Russia's biggest timber holdings Segezha Group sold its assets in Europe because it could not support their activities. The company will disclose the financial side of the ...

Russia’s timber supplies to China grew by 98,000 cubic meters, or 3.5%, to 2.9 mln cubic meters in Q1 2023 ST. PETERSBURG, June 19. /TASS/. China and Uzbekistan account for almost three quarters ...