Finnish tire manufacturer Nokian Tires will stop the plant in Russia
![]() 1516 Wednesday, 29 June, 2022, 00:36 The Board of Directors of Nokian Tires decided to leave the Russian market and stop the largest enterprise in Vsevolozhsk. It produces 80% of all products of the company. The decision on a “controlled exit” from the Russian market was made by the company’s board of directors. Work during the war in Ukraine and under sanctions was recognized as inappropriate. The plant in Vsevolozhsk produced 80% of all Nokian Tires tires. “In recent months, we have witnessed shocking events in Ukraine. We are following the situation with great sadness and, together with the entire international community, unreservedly condemn the war, which caused untold suffering to many,” said Jukka Moisio, CEO of Nokian Tires. It was decided to completely overhaul the strategy of Nokian Tires and abandon the presence in Russia. It is noted that in the second quarter of this year, the assets of Nokian Tires in the Russian Federation depreciated from 700 to 400 million euros. |
Canada transfers US$1.7bn in revenues from frozen Russian assets to Ukraine
44930.06.2025, 21:40Trump expected to sign executive order easing Syria sanctions
49130.06.2025, 19:58"No wonder Putin found common ground with Iran" - Zelensky joins sanctions against Iran
60230.06.2025, 09:34"Why did Armenia take such a position? Perhaps, not everything is smooth with us" - Lukashenko
123426.06.2025, 20:34#Hürriyet։ "Oil prices will rise if Iran closes the Strait of Hormuz"
199016.06.2025, 16:04Omani fund replaces Russia's Alrosa in Angolan diamond miner Catoca
248709.06.2025, 20:52World's highest railway bridge opens in India (video)
277207.06.2025, 21:19Trump says debt limit should be eliminated
259604.06.2025, 22:52