Russia’s lumber industry is undergoing structural disruption due to the ongoing conflict in Ukraine and Western sanctions. International reports indicate that Russia’s lumber exports have contracted by more than one-third compared to pre-conflict levels, impacted by export restrictions and rising international financing costs. As a sector contributing approximately 1% to Russia’s GDP, these shifts are generating widespread economic concerns. With an estimated 82 billion cubic meters of exploitable forest resources, Russia was the world’s second-largest lumber exporter before the conflict. However, following embargoes imposed by the EU and the U.S., the ...