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June 13, 2022

No sales market for Russian pellet exporters starting July

No sales market for Russian pellet exporters starting July
From July 10, the Russian wood pellet exports to Europe, the main market for Russian companies, will be completely stopped. From this date, EU sanctions will come into effect, limiting the supply of wood products from Russia and Belarus. In 2021 the European Union accounted for 80% of Russian wood pellet exports, supplies amounted to 1.95 million tons and value amounted to $320 million. Russia also supplies small volumes of pellets to South Korea (7% of total exports), the UK (6%), and Japan (4.5%).    In the first quarter of 2022, the volume of exports ...

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