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Global tire manufacturer Continental says in ‘controlled withdrawal’ from Russia

This article was originally published by Radio Free Europe/Radio Liberty and is reprinted with permission.

Leading global tire-producing company Continental says it is planning a “controlled withdrawal” from the Russian market and is in “advanced” talks on selling its plant just outside Moscow. The company’s chief executive officer, Nikolai Setzer, said in a statement on March 8 that the main reason for the move was Russia’s ongoing unprovoked invasion of Ukraine. Hundreds of foreign companies have halted operations in the country or exited entirely after Moscow launched its full-scale aggression against Ukraine in February 2022.

As reported by American Military News