#Michelin suspends its activities in Russia

France's Michelin (PA:MICP) is suspending its industrial activity in Russia as well as exports to the country, the tyre maker said on Tuesday.

Its Davydovo plant, which was opened in 2004 near Moscow, employs 750 people and produces up to 2 million tyres per year, mainly for passenger cars on the Russian market and some Northern European countries.

Sales in Russia represent 2% of the group's total and 1% of its global passenger car tire production, it added in a statement.