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SUZ - Suzano Shouldn't Be Affected By Russian Invasion Of Ukraine
Suzano Papel e Celulose S.A. American Depositary Shares
We update Suzano followers on a note on its economics with respect to the Ukraine invasion.
At this point, sanctions are expected on Russia. While unsure of what they might be, it's fair to assume their exports will come under major fire.
Russia exports 10% of the world's timber, and while substantial, logistic cushions limit their comparative advantage, and Suzano's owned forests limit input price inflation risk.