Russia to boost timber sales
Published: 05 December, 2007, 18:33
Prime Minister Viktor Zubkov is calling for the development of Russia's timber industry. Visiting the Vologda Region to discuss the issues facing the sector, he said although Russia has the money, it lags behind other countries in terms of know-how and te
Zubkov invited foreign companies to invest in the country's industry.
Meanwhile, Economic Development Minister, Elvira Nabiullina, says more money must be spent on processing wood in Russia instead of simply exporting it.
“We need investment domestic or foreign into wood processing because that’s something we aren’t fully utilizing. The share of timber industry in both GDP and exports is relatively low, that’s why we need financing both mid-sized and large projects,” Elvira Nabiullina stressed.
05.12.2007, 11:52
Money does grow on trees: Russia to boost timber salesThe government wants to boost exports of processed timber. Prime Minister Viktor Zubkov made the announcement on a visit to Vologda region to discuss Russia's forestry and timber industries. |
06.12.2007, 08:55
Government to overhaul timber industryPrime Minister Viktor Zubkov has put the spotlight on Russia's timber industry. At a meeting with key players and ministers in the Vologda Region, he's called for a rethink on how the country manages one of its most valuable resources. |
