09 Mar 2022 --- Major paper packaging groups and forestry standards authorities are freezing their operations in Russia and Belarus in a show of protest against the invasion of Ukraine. The divestments are expected to deliver a heavy blow to the Russian economy, further threaten global price rises and degrade environmental sustainability efforts. While Western governments have not yet targeted the Russian forestry trade for international sanctions, some of industry’s most prominent fiber-packaging corporations – like Stora Enso and UPM – have announced they would be shuttering all trade with Russia due to the “unacceptable” war in Ukraine.
