21 December 2024, Saturday, 17:19
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Belarusian Wood Processing Loses Out

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Belarusian Wood Processing Loses Out

The industry is drowning in debt.

“Minister of Agriculture Aliaksandr Kulik reported to the head of the State Control Committee Vasil Herasimau. The forest industry is increasingly under pressure from problems caused by sanctions.

Wood processing enterprises have gigantic debts for shipped timber and huge warehouse stocks. The main consumers of their products were European countries, which stopped purchasing due to sanctions.

Russia is Belarus's competitor in this business. Other markets are unprofitable due to long-distance and difficult logistics.

The situation in the pallet production of Belarus is especially critical. The regime invested heavily in it in the 2010s.

Sanctions continue to destroy the economic basis of the illegitimate dictatorship, punish Lukashists for supporting Putin’s aggression against Ukraine and repression against the Belarusian people,” writes a reader of the Charter97.org website.

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