After months of negotiation, Finland s Nokian Tyres was on the cusp late last year of finalizing a €400 million sale of its Russian business. Then Moscow changed the rules again.
The U.S. Treasury said in December that companies leaving Russia should sell their operations for at least half-price and claimed 10% of that sale for the federal budget, known as an exit tax.
Nokian Tyres dropped the agreed sale price to Tatneft to €286 million and finally secured the approval of the government commission that monitors foreign investment in March - nine months after its controlled exit. This could be a problem with your ad-blocking or security software. To your list of allowed sites, click jp and piano.io. If this doesn't resolve the issue or you are unable to add the domains to your allowlist, see this FAQ. We sincerely apologize for the inconvenience.