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Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood Products / Europe / Global / Russia
March 4, 2022

Metsä Group and UPM hit pause in Russia

Metsä Group and UPM hit pause in Russia
UPM will cease its deliveries to Russia for the time being.    While the forest industry is not directly targeted by the international sanctions at the moment, sanctions against the financial sector may impact UPM’s or its customers’ businesses and transactions in Russia. The full impact of the current and possible new sanctions and counter-sanctions will be known only as the situation evolves, says UPM.    UPM has employees, customers and suppliers in both countries but UPM’s exposure to Russian and Ukranian markets is limited. UPM Raflatac has a distribution terminal ...

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