Investor Presentaiton slide image

Investor Presentaiton

Scale of illegal logging and the position of Russian authorities ...A barbarian destruction of valuable tree species growing stock is what actually taking place in the region. While annual logging limit for the region remains at 260 thousand cubic meters, 930 thousand cubic meters of valuable species timber have already been licensed for export.... (From the letter signed by the Governor of the Prymorsky Kray to the head of Russian Government. Letter was dated 7 June 1999 #11-43/1704) GREENPEACE RUSSIA ...On October 6 there was an ordinary session of the Inter-agency Committee for Concerted Action to Monitor Exports of Valuable Timber... None of the submitted applications for export licenses for ash-tree and oak was approved... In the six months of 2000 the Committee considered 55 applications for exports of 108,000 cubic meters of ash-tree and 104,000 cubic meters of oak, whereas authorization was given for the export of only 56,000 cubic meters of ash and 67,000 cubic meters of oak, which implies that almost half the timber was logged illegally. (Extract of the article based on the official press release of the Inter-agency Committee. Published in the newspaper Zolotoy Rog, 10.10.2000, #78)
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