The 10-year embargo doesn’t affect the group because its end product, wood chip, is processed.
In fact AEG believes the new legislation could provide a net benefit to its operations by developing the processing industry and providing shipping and logistics opportunities.
Its Ukraine business is significant as it generated revenues of US$17.4mln last year – an eleven-fold increase on 12 months earlier.
Chief executive Richard Spinks told investors: "My co-directors and I remain very confident in the long-term viability and continued success of the group's Ukrainian wood chip operations.
"We are fully-committed to continuing with our expansion plans to meet the greatly-increased demand for our products from our Turkish MDF manufacturing customer base."