{"id":81918,"date":"2022-03-01T11:40:57","date_gmt":"2022-03-01T11:40:57","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/finland-forest-technology-manufacturer-cancels-orders-russia-due-sanctions\/"},"modified":"2025-09-19T08:57:02","modified_gmt":"2025-09-19T08:57:02","slug":"finland-forest-technology-manufacturer-cancels-orders-russia-due-sanctions","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/finland-forest-technology-manufacturer-cancels-orders-russia-due-sanctions\/","title":{"rendered":"Finland: forest technology manufacturer cancels orders to Russia due to sanctions"},"content":{"rendered":"
\n

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.\u00a0As a result of the decision, the company will record a total expense and impairment provision of EUR 280,000 for the current quarter.<\/p>\n

The withdrawal is justified by the sanctions already in force, the interpretation of which has been clarified.\u00a0The development of the geopolitical situation also contributed to this.<\/p>\n

The company says it is preparing for the sanctions in the Russian market and the barriers to trade caused by them by slowing down the procurement of materials related to deliveries to Russia.\u00a0Braking will continue until the scope of the sanctions and the impact on supply opportunities have been clarified.<\/p>\n

The effects of the situation in Ukraine on business opportunities in Russia and the general development of the economy are so unclear that the company will withdraw its outlook for the financial year 2022.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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.\u00a0As a result of the decision, the company will record a total expense and impairment provision of … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":67997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3308,4392,4516,4604],"class_list":["post-81918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-finland","tag-forest-machinery","tag-sanctions","tag-ukraine-war","topic-forestry","topic-woodworking-machinery","area-europe","area-russia"],"acf":[],"yoast_head":"\nFinland: forest technology manufacturer cancels orders to Russia due to sanctions - 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