War in Ukraine
Amid uncertain natural gas supply due to Russia's war in Ukraine, Denmark has stepped up its own green power generation.
As Russia's war in Ukraine continues to cloud the outlook for critical energy feedstocks, the European Union is seeing success in spot-filling its needs from elsewhere.
Synthetic rubber producer Synthos, based in Poland, had lobbied for the European Union to ban SR imports from Russia. It said the watered down ban is "deeply disappointing."
Continental A.G. is exiting Russia through a "controlled withdraw." And it looks to have a buyer for its tire plant there.
The EU's latest sanctions against Russia—including a ban on SR and carbon black imports—commemorates the one-year anniversary of the nation's unprovoked invasion of Ukraine. But the ban won't take effect until July 1, 2024.
The war in Ukraine reaches its one-year anniversary on Feb. 24, and there has been a clear impact on the tire and rubber industry. But while business is important, it must take a back seat to humanitarian impacts.
Whitney Luckett, president and owner of Simko North America, has partnered with Yana Malyk, a Ukrainian refugee and businesswoman, to supply generators to the war-torn Luhansk oblast of Ukraine.
As the one-year anniversary of Russia's attack on Ukraine approaches, the talk of synthetic rubber trade has become a front-burner issue.
The United Kingdom has sanctioned four Russian oligarchs, including two officials of TAIF Group, for their roles in supporting Russia's war on Ukraine.
Bridgestone plans to sell off all its assets in Russia, a process the tire maker believes could take several months.