Billerud CEO: Europe-Russia trade door closed for foreseeable future

Billerud CEO Ivar Vatne states that even if Russia's invasion of Ukraine ends, trade between Europe and Russia will not resume, citing a permanent shift in business relations. This reflects a broader corporate expectation of sustained decoupling, though it is a single company's assessment, not official policy. The statement signals long-term structural changes in European-Russian economic ties, affecting supply chains and market strategies.