Following the invasion of Ukraine in February 2022, extensive sanctions were imposed on Russia. For example, the import of Russian wood and wood products into the EU has been banned since June 2022. This had an impact on the country’s sawmill industry: Both production output and revenue of Russian lumber producers decreased. 2024 figures show that while lumber production remained stable compared to 2023, Russian producers were able to increase their revenues by 16%. Nevertheless, the industry remained below the break-even point.
