Iconic pencil maker hit by Russian counter-sanctions ...News

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Iconic pencil maker hit by Russian counter-sanctions
One of the world’s oldest writing and art supplies manufacturers says it has to raise prices to alleviate costs on raw materials Russia’s ban on the export of timber has forced Czech pencil manufacturer Koh-I-Noor Hardtmuth to seek new suppliers and raise prices, the company’s owner, Vlastislav Brzhiza, told newspaper Seznam Zpravy. “The wood we used to import from Russia can no longer be imported from the country. We buy it from China, which buys the raw material from Russia, and bring it across the ocean,” Brzhiza said, adding that the situation has forced the company to raise prices on its flagship products by

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