{"id":157744,"date":"2025-11-28T09:05:11","date_gmt":"2025-11-28T09:05:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/157744\/"},"modified":"2025-11-28T09:05:11","modified_gmt":"2025-11-28T09:05:11","slug":"russias-forestry-industry-faces-steep-production-slump-in-2026-official-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/157744\/","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":157745,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,2454,111,139,69],"class_list":["post-157744","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-industry","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/157744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=157744"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/157744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/157745"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=157744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=157744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=157744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}