Finland's Nokian Tyres starts 'controlled exit' from Russia

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“As part of the process, Nokian Tyres will record impairments of approximately 300 million euros ($316 million)related to the Russian assets in the second quarter of 2022,” the company, which used to make 80% of its passenger car tyres in neighbouring Russia, said in a statement.

($1 = 0.9504 euros)