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March 23, 2022

Effects of Russia-Ukraine war on the German timber industry

Effects of Russia-Ukraine war on the German timber industry
Effects of the Ukraine war on the German timber industry potentially extensive    The Main Association of the German Wood Industry (HDH ) expects the flow of trade between Germany and Russia, Ukraine and Belarus to come to an almost complete standstill. The association cited the EU sanctions against Russian banks and the difficult situation in the logistics sector as reasons for this, as numerous Ukrainian truck drivers devote themselves to military tasks.    In addition, the loss of raw material supplies and labor could have an indirect impact on imports of wood products, furniture ...

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