Russian lumber exports on the rise, while log exports drop
The Russian log export tax that was implemented in 2007 resulted in a sharp decline of log exportation with the Russian share of globally traded logs falling from 44% in 2006 to 15% in 2013. During the same period, lumber exports have increased but shipments have not compensated for the decline in income from the log exports, according to the Wood Resource Quarterly. In 2008, Russia’s president Putin decided to add a tax to logs exported from the country with the goal of reducing exportation of wood raw-material, encouraging investments in domestic processing in ...
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