FORESTRY

Demand for Swedish timber grows as sanctions on Russia cut down supplies

2:12 min
  • Swedish companies are benefiting from rising lumber prices as sanctions against Russia, the largest exporter of milled wood products in the world, have European buyers looking for new suppliers.

  • A report published on Friday from Swedish Forest Industries Federation predicts more pressure on Sweden's timber industry in the coming months.

  • Sawmill owner Claes Andersson said most of the increased demand comes from those wanting to export Swedish lumber.