The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODOBridgestone to halt operations in Russia
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODO
21 Comments
Login to comment
Michael Machida
Because it's impossible to stay in Russia for any companies now? It's all about money. Of course.
TrevorPeace
Really means nothing to their bottom line. 2%?? The humour of it makes me feel better about the massacre in Ukraine.
Thanks, Bridgestone. I feel so much better now.
Eastman
no big deal,they have just left more room for cheap imports from China...
FizzBit
They have no choice.
They must follow the US corporate/government.
They are BIG in the US and have even bought stadium rights in Nashville.
You can see the Pro Ice hockey Nashville Predators on March 15, or relax to some country music with Morgan Wallen on March 16, or jump up and down to Mount Westmore with Snoop Dogg & Ice Cube & Too Short & E-40 on March 26th.
https://www.bridgestonearena.com/
Tom San
No big deal. Russian military transport trucks don't use Bridgestone tires anyways.
Alex
I guess China has a massive new market to exploit
Perth
Dentsu is still operating in Russia.
WPP closed shop in Russia. Why can’t Dentsu do the same?
takeda.shingen.1991@gmail.com
Because there are no Russian trucks freeing civilians in Donbass.
Cricky
Russia are asking China for copies of their Russian copies of Michelin tyres that they copy on the cheep, from China that are suffering from dry rot, good luck with that!. .Amazon might be a better go to.
garypen
Who wouldn't wanna trust their lives and the lives of their families to the high quality craftsmanship and product safety that China is known for? Sign me up!!!
garypen
It doesn't matter as most of them are stuck in single file convoys, have run out of fuel, or are in flames, anyway.
kurisupisu
China exports all over the world now and Russians will have no problem sourcing Chinese made goods.
wtfjapan
The humour of it makes me feel better about the massacre in Ukraine.
Thanks, Bridgestone. I feel so much better now.
feeling better about the death of civilians in Ukraine, because Russia is going to hurt economically!?
seriously what does that say about your own morals and mortality!?
sad dude really sad, imagine if it was one of youre relatives laying dead in the street .
but hey if thats who you are then fine, better get ready for more anguish because the Russian economic pain is only going to get worse, no China wont save them, Trillions in trade to the west in jeopardy if they dont tread carefully.
Desert Tortoise
Not so easy to do when you cannot pay for them. Russia can't access SWIFT, can't use US Dollars. It has no way to buy anything from most countries in the world. Nobody wants Rubles in payment. They are almost worthless and will be worth even less shortly when Russia defaults on its sovereign debt. The Russians have so far been unable to access the reserves they have banked in China due to sanctions and the threat by the west to sanction any Chinese bank that gives the Russians any money.
Strangerland
It's weird that Russians seem to think you can just re-staff a McDonalds without support from the company, and you'll somehow produce big macs.
painkiller
Let's get some Chinese tires on those tanks.
Desert Tortoise
These western companies should all push click "reformat" on every computer or similar device they have as they close up shop.
Tom San
Oh, yeah. Russia surrendered yesterday, but it wasn't in the news.
quercetum
Intl transactions is not your field. They've been trading using the rmb.
Putin's move to dedollarization began around 2014.
Desert Tortoise
Prior to sanctions over 80% of Russia's foreign trade was conducted in US Dollars. Not a lot of countries want to be paid in Rubles and Russia probably doesn't have a lot of use for the local currencies of places like Cuba, Iran or DPRK.
Intl transactions is not your field. They've been trading using the rmb.*International trade and monetary policy is my grad school specialty and where much of my research has been conducted. The US Dollar is used for about 88% of global FOREX transactions. The Renminbi constitutes about 4.3% of global FOREX transactions. Early on China intended their CPIS to rival SWIFT and handle global currencies including but not limited to Renminbi, but after the 2015 bank crisis in China CPIS was restricted to settling cross border trade conducted in Renminbi only. It does not conduct any big capital transactions either.