Packaging / Advertising & Office

According to Watson & Band Import and Export Data Watch, on October 6, the European Union approved the implementation of the eighth round of sanctions against Russia, including the prohibition of Russian oil exceeding the price cap from being transported to third parties by sea, and the provision of information technology, engineering and legal services, etc.

According to Watson & Band Import and Export Data Watch, since the global shipping service market is monopolized by the European Union and the United Kingdom and other Western countries, once the price of Russian oil exceeds the upper limit set by the European Union, it may be difficult for Russian oil sellers to find oil sellers who are willing to guarantee shipping. Insurance service provider.

"This package of measures expands the scope of no longer providing services to the Russian government and legal entities established in Russia: the ban now covers information technology consulting, legal consulting, construction and engineering services," the statement said.

The new restrictions include prohibiting:

▪Prohibition of legal, IT and engineering services for Russian companies;

▪ Prohibition of the transport and sale of Russian oil to third countries at prices higher than the established cap;

▪ Ban on the import of steel, paper, chemical plastics and cigarettes.

It is worth noting that pulp and paper are also included in the new list of restricted imports. If Russian pulp and paper cannot be exported to other European countries, then the biggest alternative market will undoubtedly be China, Watson & Band Import and Export Data Observation reports.

According to Huacheng Import and Export Data Observation Report, in the past six months, the paper supply gap in Europe has gradually emerged. Earlier, Europe's leading corrugated packaging giant Smurfit Kappa announced a production cut of about 30,000-50,000 tons in August. In addition, energy prices and the resulting surge in prices of other raw materials are affecting the continuous increase in production costs of European pulp and paper manufacturers. The German Paper Association pointed out that by this winter, the shortage of natural gas could seriously affect German paper production and even trigger a complete shutdown.

Since the beginning of this year, the export volume of my country's paper products has soared. In May, the export business of papermaking and paper products showed a blowout growth. Statistics show that the export delivery value of the papermaking and paper products industry was 6.64 billion, a substantial increase of 51.9% year-on-year. The value of goods was 27.86 billion, a substantial increase of 30.8% year-on-year. According to industry website statistics, from January to July 2022, the cumulative export volume of my country's machine-made paper and cardboard was 3.85 million tons, an increase of 85.13% compared with 2.0796 million tons in the same period last year, Huacheng Import and Export Data Observation reported.