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August 24, 2022
Russian plywood industry in crisis
The Russian plywood industry, hit hardest by EU sanctions, continued to decline. Russia's domestic plywood market has seen excess capacity as exports fell by 16%. Analysts say the situation could lead to the collapse of small businesses. Even with the Russian government's pledge to prevent bankruptcy, experts don't expect the situation to stabilize until the end of the year. In the first half of this year, retail prices of certain types of plywood dropped by as much as 25 percent, according to statistics from relevant agencies. Specifically, the sale ...
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