Nokian Tyres plc initiates a controlled exit from Russia
Nokian Tyres plc Inside information, June 28, 2022 at 5:00 p.m. Nokian Tyres’ Board of Directors has today decided to initiate a controlled exit from the Russian market. Due to the war in Ukraine and the subsequent, tightening sanctions it is no longer feasible nor sustainable for Nokian Tyres plc to continue operations in Russia. The exit preparations will start immediately, and the company will evaluate different options for the exit. The process will be done with due consideration to local employees and legislation. As part of the process, Nokian Tyres will record impairments of