Leroy Merlin currently operates 112 stores, 11 dark stores, and six distribution centers in the country.
Russian invasion of Ukraine
Scientists aim to stop sanctioned Russian timber from entering Europe by mapping trees' chemical fingerprints. This method could help companies like IKEA avoid using illegal timber.
After the EU closed its markets for Russian wood products, South Korea became virtually the only destination for pellet exports from Russia.
The revenue decline was primarily due to lower sales volumes.
Market strategies have undergone significant changes due to the sanctions. The mill lost its European market for containerboard, which previously accounted for two-thirds of this product's sales.
Deal concludes with transfer of four companies
Recent study emphasizes the impact of military activities on Ukraine's forests, urging for sustainable forest management practices.
In 2023, Russia decreased of plywood exports into the U.S. by 52%.
Joint investigation reveals sophisticated trade rerouting to smuggle sanctioned goods into Europe.
However, the production volume was 3% lower than the pre-sanction levels.
The ban on Russian and Belarusian wood imports has led to a biomass shortage in the Baltic timber market, causing prices for logs to rise.
Metsä Group halted operations at its Metsä Svir sawmill and ceased timber purchases in the country in March 2022 after Russian invasion of Ukraine.
The average price of Russian lumber in Japan declined 27%.
EOS and CEI-Bois statement for possible Japanese imports ban on Russian wood products.
Once the investigation process is complete, the anti-dumping duties, as high as 15.8%, will be applied retroactively on all imports of birch plywood into the EU from 22 August 2023 and for all future imports from Kazakhstan and Türkiye.
Russian plywood exports to the U.S. have plummeted by 68% compared to pre-sanction levels.
Last year, lumber production lost 1.7 million m3 compared to the pre-sanction level.
Instead of the European Union, the largest market for pellet exports from the country has become South Korea.
Despite hopes that lost shipments to Europe would find alternative markets in Asia, CIS states, or the MENA region, most have not been redirected.
Dmitry Levchenko, the general director of the company IFK RNGS Capital, which supplied lumber, was also arrested.