icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russia raises export tax on timber

Russia has increased the export tax on timber to 25% – or not less then $US 24 per cubic metre.

The current rate for softwood timber is 20%, with a minimum price of $US 10 per cubic meter.

Russia sells 50 million cubic meters of timber to overseas customers each year, from a total 187 million cubic metres produced annually.

China and Finland are the main importers of Russian timber.