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THE COST OF SOVEREIGNIZATION OF THE TIMBER HARVESTING AND SAWMILLING INDUSTRY IN ASIAN RUSSIA
The large-scale restrictions imposed by Western countries on trade with Russia have not achieved their publicly declared goals of inflicting devastating damage on the domestic economy. Nevertheless, the sectoral effects of sanctions pressure are diverse and require comprehensive study. The purpose of this study is to assess the losses incurred by the Russian forestry industry, which has been forced to abandon convenient and highly profitable export markets. The task is solved for enterprises in the timber harvesting and sawmill industries in the regions of Asian Russia. Unlike most studies that use macroeconomic statistics, this analysis is based on a specially formed knowledge base of 312 of the largest enterprises in the sector located in Siberia and the Far East. For the first time, a method of selecting companies has been proposed and implemented that is based not on their formally declared OKVED codes, but on previously unused open data from the territorial bodies of the Federal Forestry Agency, which allows for the highly reliable identification of legal entities actually engaged in relevant economic activities. It is shown that the economic situation of the analyzed companies significantly deteriorated in 2024 compared to 2021. Previously low business profitability has resulted in significant losses and sharply increased debt, which compensate for losses from low product prices and the inability to supply certain markets. The continuation of these conditions for trading in forest products and the Bank of Russia’s tight monetary policy could lead to a series of bankruptcies among companies in the industry.
Keywords: открытые данные Рослесхоз forestry industry logging sawmilling Asian Russia Siberia and the Far East open data from the Russian Federal Forestry Agency
