🇷🇺⚡️Russian President Putin plans to shift from the country's dependence on oil and gas exports to the timber industry.
Russia holds about 20% of the world's timber reserves, making it a significant advantage.
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#russia #wood #timber #putin #oil #gas
Russia holds about 20% of the world's timber reserves, making it a significant advantage.
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#russia #wood #timber #putin #oil #gas
Putin praised the work of a logging complex and emphasized sustainable forest management during a meeting in the Arkhangelsk region.
The woodworking industry has potential for long-term growth, but sanctions and the global market have affected production volumes.
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The woodworking industry has potential for long-term growth, but sanctions and the global market have affected production volumes.
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Putin called for support for domestic woodworking companies and modernization of the industry's technology and equipment.
He proposed using financing mechanisms to expand the market for wooden housing constructions & modernize heating systems using special pellets as fuel.
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He proposed using financing mechanisms to expand the market for wooden housing constructions & modernize heating systems using special pellets as fuel.
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However, sanctions have negatively impacted the timber industry, with timber processors failing to export about 37.5% of their production in 2022.
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Russia is focused on creating and modernizing wood processing facilities, expanding wooden housing construction, and producing high-value-added products.
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Wood processing is a good candidate for achieving these goals as it has high potential and stable demand in the Asia-Pacific region, which is the world's main economic center.
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