War in Ukraine
As Europe marches toward a total ban on Russian imports of carbon black and synthetic rubber next July, rubber industry players are getting used to what some are calling their "new normal."
As the European Union eyes a complete ban on carbon black and synthetic rubber imports from Russia in July 2024, the continent continues to taper its dependence on the country for the critical materials.
Trelleborg A.B. has responded to a Swedish newspaper report that it continued to supply tires and other products to Russia after the imposition of sanctions by the European Union.
The United Kingdom has included rubber imports in a new set of sanctions against Belarus for its continued involvement in Russia's invasion of Ukraine.
Michelin will sell its Russian businesses—Michelin Russia Tyre Manufacturing Co. L.L.C. and Camso CIS L.L.C.—to Power International Tires L.L.C.
Continental A.G. said the divestment is part of its "controlled withdrawal" from the Russian market.
Yokohama Rubber Co. Ltd. has left its projected sales from Russia blank, noting the difficulty in making sales predictions for the country due to the 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."