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Mar 16

Supply Hurdles Bring Michelin’s Russian Operations to a Halt

March 15 (Reuters) – French tire maker Michelin is suspending its industrial activity in Russia and exports to the country due to supply difficulties following Moscow’s invasion of Ukraine. …

“The plant was already working at a very low level since several days. There is a lot of supply difficulties – which means we have disruption of financial flows, and there’s a problem of currency instability,” the company’s spokesperson told Reuters. …

Source: Reuters

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