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March 18, 2020

Coronavirus: Russian timber industry in search for new markets

Coronavirus: Russian timber industry in search for new markets
  • Many exporters of the Russian timber industry are suffering losses because of the coronavirus. The majority were forced to change their strategies and look for new markets. However, this opportunity is not available to everybody. Even more so because the restrictions caused by the coronavirus epidemic are not the first and potentially not the hardest blows on the export expansion of the timber industry, including to China.

According to the Federal Service for National Statistics, exports from the timber industry, one of the leading sectors of the Russian economy, are the sixth largest in the structure of Russian exports

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