Russia-Ukraine war affects tire business

In the past few days, the war between Russia and Ukraine has continued, the situation has been escalating, and the international financial situation has also undergone great changes.

Today, the trade in the tire industry has been affected.

In this military conflict, the first tire industry enterprises to be affected must be local tire companies and manufacturers with tire trade business in the two countries.

The Russian military action in Ukraine, and the ensuing sanctions, has created significant uncertainty, and the impact on full-year results cannot be estimated at this time.

Numerous uncertainties could have a serious impact on the market, including the escalation of Russian military operations in Ukraine.

In addition, Russia is an important supply and distribution center for synthetic rubber in the world, and it is also the third largest source of synthetic rubber imports to China. (from Tire World Network)

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