Russia to virtually stop export of logs starting 2021

Russia to virtually stop export of logs starting 2021
Export duties on three species (larch, spruce and fir) in Far East Russia has been raised by 15 points to 40% since January 2019.    This will be increased to 80% in 2021, which practically stops log exports. However, if more than 25% of the export sales of log exporting companies are processed products such as lumber, veneer and wood chips in the last three years, log export duty is held at 6.5% for 2019 for those companies.    The purpose of higher log export duty is to promote industrialization of Far East ...

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