The new tariffs Russia has put on timber could actually bolster Estonian forestry, something which will be of interest to those considering forestry investment, it has been claimed.
Russia is set to put premiums on log exports from the country which could make timber from other areas more attractive to purchasers around the world, the Vancouver Sun has reported.
Dave Lewis, executive director of the BC Truck Loggers Association, told the newspaper: "Russia is a huge exporter of logs. A restriction in the amount of logs coming out of Russia will create demand elsewhere, so it could be an extremely positive thing."
Under new rules due to be introduced by the country, export tax on raw logs will increase from its current level of 25 per cent to 80 per cent from January 1st next year.
At the moment, the newspaper reports, Russia is the world's biggest exporter of timber but the Vancouver Sun perceives this changing, an idea which may interest those considering Baltic forestry investment.
Finland is particularly concerned about the increases in tariffs because 9,000 people in the country are employed in making paper from the raw material.
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