In 2021, the value of Russian exports of wood pellets to the UK amounted to $64.7 million.
Russian invasion of Ukraine
The import volume downed 0.5% to 695 thousand m3.
Koskisen’s wood processing company has sold its sawing operations located in Russia to Cherepovetsles. Koskisen owned Koskisilva sawmill in Sheksna settlement of Vologoda region, which was built in 2007.
Brazil replaces plywood supplies to Europe from Russia, which is under the EU sanctions.
Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will transfer to OOO Bison once the conditions of the transaction have been met.
In late 2021, Iida acquired a 75% stake in Russian lumber producer RFP Group for $525 million.
Currently, company continue to make only a minimum amount of sales sufficient to generate enough local currency to pay employees in Russia.
This was stated by Aleksey Mordashov, head of the board of Severstal, which also owns the leading Russian birch plywood producer Sveza, at the St. Petersburg International Economic Forum in Russia.
Ponsse has decided to divest its operations in Russia. The divestment of all shares in OOO Ponsse, Ponsse Group’s subsidiary providing PONSSE services in Russia and Belarus, is currently being negotiated.
The Swedish retailer IKEA plans to sell its plants in Russia. Earlier, IKEA has paused operations of its stores and three woodworking factories in Russia.
From July 10, the supply of pellets from Russia to Europe, which in 2021 accounted for 80% of Russian exports of these products, will completely stop. Last year, the country's income from the export of pellets amounted to $320 million.
The reduction in export volumes due to sanctions against the backdrop of rising transportation tariffs and the strengthening ruble made the production of lumber unprofitable.
Company will withdraw from Russia completely and will continue to implement the withdrawal in stages as the review of implementation options is fully completed.
How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...
Stora Enso’s sales in Russia was approximately 3% of total group revenues. The company has started business in Russia since 1998.
The John Deere Foundation has been working directly with a number of organizations, including multiple UN agencies, to mobilize resources to support Ukrainians impacted by the crisis.
After the start of the war, Siemens put all new business in and international deliveries to Russia and Belarus on hold. The comprehensive international sanctions, as well as current and potential countermeasures, impact the company’s business activities in Russia, particularly rail service and maintenance.
In 2021, the top position in Italian machinery exports is taken by the United States (Euro 164.2 million, +13.9% over 2020), followed by France (Euro 118.2 million, +10.3%) and Poland (Euro 110.6 million, +34%).
Russian Association of Furniture and Woodworking Industries of Russia accused IKEA of the fact that the closure of its stores in Russia "violated the communication system" between furniture factories and the consumers.
The biggest factor driving change between February 2022 and February 2021 was a 178,000 m3 decline in softwood imports, with hardwood and plywood imports up by 32% and 8% respectively.