Before the onset of the global financial crisis , Russia was China’s primary softwood log supplier. The Russian industry has transitioned towards wood processing and in 2020 Russia was the second largest exporter of softwood lumber in the world.  In 2020 Russia announced that export of unprocessed softwood and hardwood logs would be banned starting in 2022. New Zealand and Europe are the two largest suppliers of softwood logs to China and Russia is the largest supplier of softwood lumber.  Despite some apparent cracks in the China real estate market, demand for log imports ...