The Impact of These Sanctions on the Timber Market
Description:
Russia’s ban on softwood log exports came into effect at the beginning of 2022. This directly leads us to infer that the invasion’s impact on worldwide Roundwood markets may be minimal. Russia and Ukraine are not significant importers of softwood lumber. However, Russia ranks amongst the top exporters of timber around the world. With the sanctions in place, there are going to be far-reaching effects on the supply side of the forestry industry.