U.S. markets closed
  • S&P Futures

    4,215.25
    +5.50 (+0.13%)
     
  • Dow Futures

    33,332.00
    +28.00 (+0.08%)
     
  • Nasdaq Futures

    13,340.00
    +28.75 (+0.22%)
     
  • Russell 2000 Futures

    1,979.20
    +2.90 (+0.15%)
     
  • Crude Oil

    93.91
    -0.43 (-0.46%)
     
  • Gold

    1,804.50
    -2.70 (-0.15%)
     
  • Silver

    20.30
    -0.05 (-0.24%)
     
  • EUR/USD

    1.0312
    -0.0013 (-0.12%)
     
  • 10-Yr Bond

    2.8880
    +0.1020 (+3.66%)
     
  • Vix

    20.20
    +0.46 (+2.33%)
     
  • GBP/USD

    1.2184
    -0.0018 (-0.15%)
     
  • USD/JPY

    133.4170
    +0.4180 (+0.31%)
     
  • BTC-USD

    24,018.81
    -260.95 (-1.07%)
     
  • CMC Crypto 200

    570.29
    -4.46 (-0.78%)
     
  • FTSE 100

    7,465.91
    -41.20 (-0.55%)
     
  • Nikkei 225

    28,479.99
    +660.66 (+2.37%)
     

Russian subsidiary of Nokian Tyres submits proposal to continue operating

  • Oops!
    Something went wrong.
    Please try again later.
FILE PHOTO: An employee sorts Nokian tyres at a tyre assembling centre and shop in Moscow
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) - Nokian Tyres' Russian subsidiary on Wednesday said its plant in Vsevolozhsk in the Leningrad region may continue operating, one day after its Finnish parent company had said it would initiate a "controlled exit" from the Russian market.

CEO of the Russian unit Andrei Pantyukhov said the local company had submitted a proposal to the board of directors that would allow it to continue autonomous operations in Russia.

"The board of directors may also look at other potential solutions as part of a controlled exit from the market," he said in a statement.

(Reporting by Reuters)