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    NEW FOREST CODE TO INCREASE REVENUE FROM FOREST USE TO 8-9 BILLION RUBLES, SAYS GREF

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    MOSCOW, March 18, 2004. (RIA Novosti) - The introduction of a new Forest Code will increase revenues from the forest use from 6.5 million rubles (approximately $230 million) to 8-9 billion rubles, Minister for Economic Development and Trade German Gref told journalists.

    Greater control of the forest, as well as a higher price of timber will account for this increase, he said.

    A sizeable price increase is not expected during the first stage, Mr Gref emphasized.

    The cost of timber will reach an "economically efficient and justified" level, Mr Gref explained.

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