Russia: Chinese, Korean tyre brands sanctions winners

While tyre retail sales volumes in Russia reportedly declined 16% year-on-year in Q1 2023, to 3.2 million units, sales value dropped 42%. The growing popularity of lower-priced tyres partially explains this larger decrease in turnover, and imports from China and Korea rose significantly. An expert from one association nonetheless still recommends European tyres, even though they’re hard to find and expensive.