Japanese firms in many sectors, together with finance, airline, telecom, proceed to cease their companies in Russia.
BRIDGESTONE STOPPED OPERATIONS
Bridgestone introduced that it has ceased its manufacturing actions inside Russia as of the weekend.
The corporate, which has frozen its new investments with exports to Russia, introduced that it’ll proceed to assist its personnel financially.
PRODUCT DEMAND DROPPED
Noting that logistical disruptions will trigger issues in the provision of elements, the corporate famous that the demand for the product has additionally decreased.
It’s identified that the manufacturing firm employs about 1000 folks in its manufacturing unit in Ulyanovsk, Russia.
Teikoku Databank reported that as of February 2022, 347 Japanese firms had been lively in Russia.
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