A strong ruble, weaker demand in China and rail-logistics bottlenecks are the main factors behind the projected decline.
Segezha Group
Weak lumber demand and price pressure in China, a stronger ruble, and high interest costs drove asset impairments, capacity curtailments, and lower fourth-quarter sales.
Industry groups seek a three-year bankruptcy moratorium as losses top 15 billion rubles.
Firms cite sanctions, weak exports, and lack of equipment and investment.
Chinese buyers push prices down as Russian exporters lack alternative markets.