These Russian GAZ Tigr infantry vehicles were destroyed by Ukrainian warplanes in Kharkiv on Monday. (Beautiful pictures)
Global Auto and vans manufacturers, including Swedish Volvo Cars and German Daimler On Monday, trucks suspended some business in Russia following the invasion of Ukraine.
Russian forces invaded Ukraine last week, marking the biggest attack by one country against another in Europe since World War Two. Many companies have stopped operating in Russia following Western sanctions against Russia.
Over the weekend, energy giant BP Plc, Russia’s largest foreign investor, unexpectedly announced it was giving up a 20% stake in state-controlled Rosneft at a cost of up to $25 billion.
On Monday, Swedish carmaker Volvo Cars said it would suspend car shipments to the Russian market until further notice, becoming the first international automaker to do so. as sanctions against the invasion continued in effect.
In a statement, the company said it made this decision because of “potential risks associated with the trade in raw materials with Russia, including sanctions imposed by the EU and the US.”
“Volvo Cars will not deliver any vehicles to the Russian market until further notice,” the automaker said.
A Volvo spokesman said the automaker exports cars to Russia from factories in Sweden, China and the United States. This comes as Russia warning Sweden and Finland not to join NATO or risk facing “serious political-military consequences.”
Volvo sold about 9,000 cars in Russia in 2021, based on industry data.
Earlier on Monday, the RIA news agency reported Volkswagen has suspended the delivery of cars already in Russia to the locality authorized dealercited a company statement. VW There was no immediate comment when contacted by Reuters.
Earlier, VW said it would suspend production for several days this week at two German plants following delays in receiving parts made in Ukraine.
Daimler Truck on Monday said it would freeze its business activities in Russia immediately, including partnering with Russian truck maker Kamaz.
Mercedes-Benz The group is also considering legal options to divest its 15% stake in Kamaz as quickly as possible, the Handelsblatt newspaper reported.
ONE Mercedes A spokesperson told Reuters that business operations would have to be reassessed based on current events.
Mercedes-Benz Corporation, formerly Daimler AGwas the parent company of Daimler Truck before the truck manufacturer was split up.
Meanwhile, Swedish truck maker AB Volvo said it had halted all production and sales in Russia due to the crisis. It generates about 3% of its sales in Russia and has a factory there.
“We are now a little more clear about sanctions and security in the region … this means that all activities in Russia will come to an end,” a company spokesman told Reuters. , a company spokesman told Reuters, adding that the measures would remain in place until further notice.
Officials with US automakers Ford Motor Co and General Motors Co Could not be reached for comment on Monday.
Ford, which has a 50% stake in three Russian plants, previously said it was working to manage any impact on its operations but that its main focus was the safety of employees in the area. area.
GMThe company sells only a small number of vehicles in Russia, has previously been reported to have limited supply chain exposure in the region, and is working to ensure the safety of its employees.
Last week, several automakers and suppliers, including Renault and tire manufacturer Nokia Tires, which ceased production after the invasion. Parts manufacturers Aptiv moved high volume work out of Ukraine, and Japanese Sumitomo Electric Industries temporarily ceased operations there.
Only on Mondays, Toyota Motor Corp said it would suspend factory operations in Japan after a supplier of plastic and electronic components was subjected to a suspected cyber attack.
No information is immediately available about who is behind the possible attack or motive. The attack came shortly after Japan and its Western allies reined in Russia following its invasion of Ukraine, although it is unclear if the attack had anything to do with it.
Japanese government officials said they would investigate whether Russia was involved.
