OREANDA-NEWS  The forestry industry in Russia has good prospects and potential for steady growth, Russian President Vladimir Putin said.

"I would like to note that the forestry industry in Russia has good prospects, large reserves - I would like to emphasize this - large reserves and the potential for steady growth," the head of state said at a meeting with members of the Russian government on Monday.

Putin noted that Russia accounts for a fifth of the world's timber reserves.