{"id":312089,"date":"2025-11-28T10:36:19","date_gmt":"2025-11-28T10:36:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/312089\/"},"modified":"2025-11-28T10:36:19","modified_gmt":"2025-11-28T10:36:19","slug":"russias-forestry-industry-faces-steep-production-slump-in-2026-official-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/312089\/","title":{"rendered":"Russia\u2019s Forestry Industry Faces Steep Production Slump in 2026, Official Says"},"content":{"rendered":"

Russia\u2019s forestry sector could face a deep contraction next year as sanctions tighten, interest rates remain high and the ruble stays strong, Deputy Industry and Trade Minister Mikhail Yurin said<\/a>\u00a0Thursday.<\/p>\n

Addressing a Federation Council committee, Yurin said the industry has entered a \u201cdownward trend,\u201d with the worst-case scenario pointing to a 20-30% drop in output in 2026.<\/p>\n

The ministry expects already falling production to continue declining into 2027 if geopolitical conditions worsen, Interfax quoted Yurin as saying.<\/p>\n

According to<\/a> the Economic Development Ministry, wood-processing is among the weakest performers in Russia\u2019s industrial landscape. Output fell 4.3% in the third quarter and the slump accelerated to 7.8% in October.<\/p>\n

The Central Bank\u2019s high key rate, harsher sanctions, a persistently strong ruble and shrinking access to remaining export markets due to secondary and tertiary restrictions are among the\u00a0pressures weighing on the sector, Yurin said.<\/p>\n

He said Russian timber exports have fallen by more than 20% since before the war, from $12.5 billion in 2021 to \u00a0 to $9.8 billion.<\/p>\n

Logging volumes are expected to hit a four-year low of 182 million cubic meters this year.<\/p>\n

The sector is already seeing corporate distress. The Federal Tax Service in September initiated bankruptcy proceedings against Tobol, the largest timber company in the Tyumen region.<\/p>\n

That same month, the Svyezha-Tyumen birch plywood plant, part of billionaire Alexei Mordashov\u2019s Sveza group, halted<\/a> operations and laid off 323 workers.<\/p>\n

The parent company cited a sharp drop in production volumes and capacity utilization, which had pushed the plant deep into the red.<\/p>\n","protected":false},"excerpt":{"rendered":"Russia\u2019s forestry sector could face a deep contraction next year as sanctions tighten, interest rates remain high and…\n","protected":false},"author":2,"featured_media":312090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,56],"class_list":{"0":"post-312089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy","12":"tag-industry"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/312089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=312089"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/312089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/312090"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=312089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=312089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=312089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}