Russian president Vladimir Putin has signed a decree “On the mandatory sale of revenue in foreign currency received by certain Russian exporters under foreign trade agreements (contracts),” according to a government statement. According to the decree, a specific list of exporters, including 43 groups of companies from various industries such as the fuel and energy […]
Tag Archives: exported from Russia
19
Sep
Sep
Mondi plc announces that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest LLC for a total cash consideration of RUB 80 billion. Mondi confirms that both the Russian Federation’s Federal Anti-Monopoly Service and the Government Sub-Commission […]
07
Jul
Jul
Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this […]
13
Jun
Jun
Swedish hygiene products group Essity (ESSITYa.ST) has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. Essity has signed an agreement with a buyer and the transaction has been approved by the […]
29
May
May
The Russian packaging sector is facing with the deepest crisis in its modern history, as the ongoing military conflict between Ukraine and Russia and unprecedented sanctions, imposed on the country have resulted in the massive exodus of global packaging producers from the local market and posed a threat of the shortage of packaging in the […]
25
May
May
The first quarter of 2023 has seen a year-on-year decrease of 4.5% in China’s newsprint imports, which totalled 103.1 thousand tons. The value of these imports has fallen by 18.4%, settling at $57.1 million. This contraction correlates with the average price of newsprint, which also witnessed a 14.5% decrease to $554.1 per ton. Despite the […]
17
Feb
Feb
With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market. Kiilto began to look for a legally appropriate way to exit the Russian market in March 2022. In July 2022, Kiilto and […]
10
Jan
Jan
Austrian Mayr-Melnhof Holz sold its sawmill MM-Efimovsky in Russia to Aspek-Les, according to the Unified State Register of Legal Entities of Russia. Since December 30, 2022, the owner of 100% of the shares of Mayer-Melnhof Holz Efimovsky LLC has become Aspek-Les LLC, which belongs to Mikhail Pitkevich. MM-Efimovskiy is no longer listed on the Mayr-Melnhof Holz website. The production […]
06
Jan
Jan
Ilim Group has successfully completed the first water run of the Voith XcelLine kraft linerboard machine (KLB machine) at the company’s new KLB Mill in Ust-Ilimsk, Russia. A start-up of the KLB machine is scheduled for Q2 2023. According to Ilim, individual tests of its main equipment are underway. In December (2022), the KLB Mill […]
27
Dec
Dec
In November 2022, the average price for the lumber exported from Russia to China slipped 4% compared to the previous month at $210 per m3, according to Lesprom . This is 13% less than a year ago when it was $241. The exports of lumber from Russia in China lost 6% year-on-year to 1,074 thousand m3 […]