The Russian lumber industry is reportedly unravelling under the impact of sanctions as companies struggle to find new markets for their product. Russian lumber companies have lost a third of their export markets as a result of sanctions, new data shows. Putin is facing a growing economic crisis as the country struggles to deal with the double whammy of biting sanctions and record-high interest rates. With inflation spiralling out of control, Russia's Central Bank was forced to hike interest rates to 21% late last year. Bank officials have not ruled out further hikes to stem the inflationary ...