The volume of timber harvesting is generally stable and is almost at the level of 190 million m3, investors account for a quarter of these volumes – 41.6 million m3. Today, 57 priority investment projects are being implemented in Russia, 131 have already been completed. About 80 million m3 of the estimated cutting area has been leased on preferential terms. He also stressed that the volume of investments in the forest complex in 2023 reached almost 190 billion rubles. This is comparable to the data of 2021.
"The growth of profitability in the industry is impossible without the successful operation of the business. Thanks to the measures taken by the Russian Government to support the timber industry, it was possible to avoid a critical decline in logging and production of forest products. In March last year, on behalf of the President, a set of measures was adopted on the development of enterprises of the timber industry and measures to support the regions most affected by the current economic situation," he said.
Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.
