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. Last Updated: 07/27/2016

Timber Exports Leveled

MOSCOW () -- Russia does not expect timber exports to grow in 1996 following a drop in international prices for the commodity, the president of the state timber holding company Roslesprom said.

"On the basis of results so far this year we do not expect an increase in export volumes primarily because of a decline in prices for the sector's production on the international market," Miron Tatsyun told a news conference late Thursday. "I hope we can retain last year's levels."

Interfax said Inkombank, Rossiisky Kredit and Alfa-Bank had failed to justify their statement in court with financial documents.