Strategic priorities to develop enterprises of the forestry complex of the Russian Federation in the context of modern challenges

Abstract

Subject. We investigate the current state of the timber industry complex of the Russian Federation. Objectives. The purpose is to identify and substantiate strategically important priorities for the development of the domestic timber industry, taking into account the current economic conditions and geopolitical situation. Methods. The study draws on methods of systems and comparative analysis. Results. The paper revealed the main trends and problems of the current stage of development of the domestic timber industry complex. We formulated practical recommendations to solve the problems of the timber industry development, in the face of sanctions pressure. Conclusions. The main priorities for further development of the timber industry complex should be entering to new markets, increasing sales of products in the Russian market, increasing the production of import-substituting products with high added value, modernizing the industry through the supply of equipment from friendly countries.