Russia's invasion of and continued attack on Ukraine is having global repercussions. The rubber, tire and automotive industries are not immune, with companies worldwide feeling those impacts.
We're tracking the companies that are adjusting business with and in Russia, and you can find our continually updated list here.
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• Putin has threatened to nationalize assets of companies that have idled plants in Russia. That could impact some rubber industry companies.
• The U.S. and its G7 partners continue to hit Russia with sanctions.
• The European Union continues to sanction Russia and Belarus, expanding the measures March 9. Previous sanctions banned the import or export of rubber products to Belarus.
• Meanwhile, supply chain disruptions are causing production of vehicles to plummet, biting into projected sales across the continent.
• Though no stranger to the geopolitical impacts, the NR market is feeling the effects of Russia's war in Ukraine.
See our full and ongoing coverage of impacts from the war in Ukraine.
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