Up to 50% of Russia’s forest companies could shut by the end of 2026 as lower export prices, rising transport costs and a strong rouble push producers deeper into losses. Regional lawmakers have asked Denis Manturov to approve a three-year moratorium on creditor-initiated insolvency proceedings, alongside tax deferrals and a suspension of debt collection for liabilities accumulated by January 1, 2026, according to a draft letter cited by Kommersant. Manturov is Russia’s first deputy prime minister overseeing industry. The draft, prepared by a committee of the Arkhangelsk regional assembly, warns that even large companies ...
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