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Tire Maker Michelin Suspends Russian Operations

  • French tire maker halts exports to Russia, factory operations
  • Michelin gets about 2% of global revenue from Russia
    

    

Photographer: Nathan Laine/Bloomberg
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Michelin’s decision to stop exporting to Russia includes freezing a supply contract with flag carrier Aeroflot PJSC for airplane tires, dealing a further blow to the country’s aviation industry.

The French manufacturer on Tuesday said it would also halt operations at a factory near Moscow, accounting for about 1% of its global passenger car tire production. Michelin earns about 2% of sales in Russia and employs about 1,000 people in the country, three quarters of them at a plant at Davydovo, according to the statement.