Posted inCorporations Embargoes and Sanctions Europe Factories and Manufacturing Finland Helsinki (Finland) International Relations Labor and Jobs Nokian Tyres Relocation of Business Romania Russian Invasion of Ukraine (2022) Supply Chain
The Russia-Ukraine War Changed This Finland Company Forever
Nokian Tyres of Finland made 80 percent of its tires in Russia, where energy was cheap. After losing billions, it prioritized political security over business efficiency.