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Russian forests: tapping the potential for more budget income

September 23, 2013, 15:05 UTC+3
Russia's Prime Minister Dmitry Medvedev said income from this sector was currently much lower than could be expected from such a “wooded country” as Russia
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MOSCOW, September 23 (Itar-Tass) - The forests of Russia offer great potential for development but are not being used to the full to generate budget revenue, Russian Prime Minister Dmitry Medvedev told a government meeting on Monday.

“Today we are going to consider a project of government policy on forest use, conservation and regeneration up to 2030,” he said. “It is a strategic document. The forest sector in this country has great potential. It enables us to create hi-tech workplaces and generate revenues at all levels, which has not been done very well until now.”

The Prime Minister said income from this sector was currently much lower than could be expected from such a “wooded country” as Russia, noting the unique ecological function of forests and their role in maintaining ecological balance.

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