Nokian Tyres plc: Information on EU’s newly imposed sanctions
Nokian Tyres plc Inside information April 11, 2022 at 10:50 a.m. The content of the release is the same as in the Company Release published today at 8:00 a.m. As communicated on April 9, 2022, the EU has announced new sanctions against Russia, impacting Nokian Tyres’ business. The sanctions prohibit the import of tires from Russia to the EU, prohibit the export of certain raw materials from the EU to Russia, and limit transportation from and to Russia. New sanctions will have a significant impact on Nokian Tyres’ ability to manufacture tires in Russia, and ability to sell tires both