(Bloomberg) — Michelin is considering a transfer of its Russian operations to local management by the end of the year, the latest global manufacturer to pull out of the country due to the war in Ukraine.
“Michelin now confirms that it is technically impossible to resume production, due in particular to supply issues,” the company said Tuesday. It suspended activities in the country on March 15.
The French manufacturer has stopped exports to Russia, including freezing a supply contract with flag carrier Aeroflot PJSC for airplane tires. The new Russian entity would operate through a structure independent from Michelin.
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