Finland: forest technology manufacturer cancels orders to Russia due to sanctions
Kesla, a manufacturer of forest machine technology, has canceled deliveries of approximately EUR 10 million from its order backlog to the Russian company Amkodor-Onegon. As a result of the decision, the company will record a total expense and impairment provision of EUR 280,000 for the current quarter. The withdrawal is justified by the sanctions already in force, the interpretation of which has been clarified. The development of the geopolitical situation also contributed to this. The company says it is preparing for the sanctions in the Russian market and the barriers to trade ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles
In-depth analyses of market trends
Exclusive market price insights
And much more!
