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СообщениеДобавлено: 23 сен 2015, 14:40 
Татьяна Хакимулина, сотрудник Гринпис

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The largest investment project in Russia’s forest sector of a recent decade, by “Angara paper” OJSC (previously JSC), has come to its logical end. The company planned to build the largest in Russia forest industrial complex (pulp mill + saw mill) in Yeniseysky District of Krasnoyarsk Krai. In Sept. 2, 2015, the “Angara paper” OJSC has applied for bankruptcy to the Arbitration Court of Krasnoyarsk Krai, which set the first hearing to Oct. 1, 2015: http://krasnoyarsk.arbitr.ru/node/17037 . The company’s debt to its creditors is estimated at 470.1 billion rubles (incl. salary debt - more than 3.6 billion rubble).

The “Angara paper” project has become a symbol of our vague time.

From the very start of the project, the forest experts evaluated it as not realistic and corrupt. There is a significant shortage of accessible timber in the area (not enough to supply such large factory), and the most appropriate forest tenures already divided between existing leaseholders. However lobbyists painted so rosy prospects, that managed to attract the pretty influential players, such as companies with a worldwide reputation (Södra - Sweden, Marubeni - Japan) and powerful Russian officials.

As a result, “Angara paper” received the status of “priority investment project in the field of forest development” in Russia and on preferential terms received forest tenure with annual allowable cut 6.3 million cubic meters per year, with 50% forest rent reduction. Despite the company had actively logged the leased forest, it got deep in debt and did not build any plant.

More posts about the “Angara paper” project at forestforum.ru (in Russian): viewtopic.php?f=49&t=18298

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