News in international markets


FSC Announces No FSC-Certified Materials or Controlled Wood from Russia or Belarus Permitted to be Traded

On Tuesday (3-8-22,) the Forest Stewardship Council (FSC) announced that because of the association of the forest sector in Russia and Belarus with armed invasion, no FSC-certified materials or controlled wood from these countries will be permitted to be traded. The announcement says that FSC remains deeply concerned about Russia’s aggressive invasion.

UPM Suspends Deliveries to Russia

As the result of Russia’s invasion of Ukraine, UPM-Kymmene Oyj, the Helsinki, Finland-based forest industry company, has announced that it intended to temporarily cease deliveries to Russia. While the forest industry is not directly targeted by the international sanctions at the moment, sanctions against the financial sector may impact UPM’s or its customers’ businesses and transactions in Russia.

Stora Enso Oyj Halts All Exports and Imports From Russia

On Tuesday (3-2-22), Stora Enso Oyj, the Helsinki Finland-based integrated paper, packaging, and forest products company, which operates three corrugated packaging plants and two wood products sawmills in Russia, said it will stop all exports and imports to and from Russia. The company also announced that a mitigation plan has been activated to secure availability of input materials from other sources.