The Michelin Group

Business in Russia

Michelin announced its intention to transfer its activities in Russia to local management by the end of 2022. Despite exit, Michelin tires were identified on Russian military vehicles and brand new Citroen C5 Aircross rolling off the assembly line in Kaluga in Russia is coming with Michelin tires. Customs documents show that Russia continues to use intermediary companies, including one apparently based in the UK, to import aircraft tires from French firm Michelin, despite attempts to stop the trade. In 2023, Michelin received $28 million worth of tires, despite the company having halted all exports to Russia since March 2022 following the full-scale invasion of Ukraine.

Decision trail

Decision date 26/05/2023 · Reference ↗

Halting production at some plants/reviews. Suspended all operations in Russia. The deal for the sale of Michelin's Russian assets is close to completion, the buyer is the distributor of tires of this and other brands Power International Tires LLC. French tyre maker Michelin said on Friday 26.05.2023 it was selling its activities Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tire distributor in the country. The agreement, approved by local authorities, will save 250 jobs, mainly based in Davydovo, the group said in a statement. 06.2023: "POWER INTERNATIONAL TIRES" LLC becomes the new founder of the organization. The record about the founder of COMPANY FINANCIAL MICHELIN has been deleted. Products from the French tire manufacturer Michelin find their way to Russia despite EU sanctions.

Local stats (LeaveRussia)

Status history since 2022

1. 03/08/2026 — exited · Imported from KSE LeaveRussia

Exposure profile