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March 2, 2022

War in Ukraine: Effects on the forest and timber industry

War in Ukraine: Effects on the forest and timber industry
On February 24 Russia invaded Ukraine. Apart from the fact that the previous security structure in Europe was being turned upside down and that a war of aggression was being waged for the first time since World War II, this invasion had concrete economic effects, including on the forest and timber industries.    One consequence that became apparent even before the attack was the high energy prices, especially for natural gas, 55% of which Germany gets from Russia. They affect the economy as a whole. The state gas company Gazprom has only delivered minimum quantities for months ...

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