Tag Archives: economic sanctions

Crisis looms over Russian pulp and paper industry amidst sanctions and plummeting Chinese demand

The Russian pulp and paper industry is facing an acute crisis in product sales. The main reasons for this difficult situation are sanctions and a severe lack of demand in the Chinese market, exacerbated by exorbitant export logistics costs. Pulp and paper mills, have been forced to cut down production volumes. In the first half […]

Essity to Sell Its Operations in Russia

Swedish hygiene products group Essity (ESSITYa.ST) has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. Essity has signed an agreement with a buyer and the transaction has been approved by the […]

Russian packaging sector facing with the deepest crisis in its modern history

The Russian packaging sector is facing with the deepest crisis in its modern history, as the ongoing military conflict between Ukraine and Russia and unprecedented sanctions, imposed on the country have resulted in the massive exodus of global packaging producers from the local market and posed a threat of the shortage of packaging in the […]

Russian production of wood-based panels falls to level of twelve years ago due to sanctions

In 2022, the production of particleboard and OSB in Russia decreased by 10.5%, to 10.3 million m3, and this of fibreboard and MDF declined by 12.1%, to 649 million m3. Plywood output fell by 28.8% to 3.24 million m3. The reason for the decline in the production of wood-based panels was the closure of the […]

Russian plywood production falls 38% in November

In January – November, Russia decreased plywood production by 28% y-o-y to 3.0 million m3. According to Rosstat, production of plywood in November fell 38%. Russian companies continue to export plywood to the U.S. despite high duties and low prices. In October, Russian producers exported 52 thousand m3 of plywood to the U.S., which is […]

Russia extends protective duties on rough-sawn lumber for three years

The Government of Russia has extended protective duties on rough-sawn lumber for three years until December 31, 2025, Interfax reported with reference to the Deputy Prime Minister Victoria Abramchenko. The increased rates apply to the exports of lumber with a moisture content of more than 22%, a thickness and a width of more than 10 cm. Export […]

Ilim Group completes successful test run of kraft linerboard machine at Ust-Ilimsk mill in Russia

Ilim Group has successfully completed the first water run of the XcelLine kraft linerboard machine (KLB machine) – the key equipment of the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. Individual tests of its main equipment are underway. In December, the KLB Mill facilities were […]

Largest sawmill company in Northwest of Russia to stop all wood pellet plants

this should not come as a big surprise after our previous report on the condition of russian pellet export , now ULK Group, the largest sawmill company in the Northwest of Russia, will stop all of its pellet production facilities due to lack of sales. The company has already completely stopped the pellet plant in […]

Russia cannot compensate for stop of exporting wood pellets to Europe with deliveries to other markets

Since July, after the start of the EU sanctions, South Korea became the only export destination for Russian producers of wooden pellets. However, the volume of pellets sent to this country cannot compensate for the reduction in supplies to Europe. In November 2022, Russia tripled exports of fuel pellets to South Korea to 65 thousand […]

EU ready to reduce its dependence on Russia in its paper sector in 2023

Sanctions on the import of birch and other wood raw materials from Russia led to an increase in the price of paper in the majority of EU countries, however, at present, the such negative effect is being reduced to a minimum, according to recent statements, made by some leading EU analysts in the field of […]