Here is a story from Yle about Tulikivi and its operations in Russia
Summary of the story
- Yle’s investigation reveals that since 2023, Tulikivi has wiped almost all mentions of Russia from its investor communications. At the same time, however, Russia has still been a significant market area for Tulikivi in light of financial figures.
- In December, Yle revealed that Tulikivi had continued exporting its products to Russia, even though the company has communicated since 2022 that it is withdrawing from the country. This came as a surprise to some of Tulikivi’s investors.
- According to Tulikivi’s CEO, Russia disappeared from the company’s investor communications because the country’s “strategic significance” has changed.