02-03-2022, 06:03 PM
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Companies have taken steps to limit, suspend or exit business activities in Russia. Following the sanctions imposed after Moscow's invasion of Ukraine
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Below is a list of companies that have announced plans to leave Russia or suspend their activities there: Daimler Truck said it would suspend business activities in Russia with immediate effect. This includes cooperation with Russian truck manufacturer Kamaz.
The Mercedes-Benz Group, the company's pre-segmentation parent, is seeking legal options to sell its 15% stake in Kamaz as soon as possible.Sweden's Volvo Cars says it will suspend shipments of cars to the Russian market until further notice. Volvo sold about 9,000 vehicles in Russia in 2021, according to industry data.
General Motors said it would suspend all vehicle exports to Russia until further notice. The Detroit company doesn't have a factory in Russia, selling only 3,000 cars a year there. and there is a risk to a limited supply chain.Japan's Mitsubishi Motors said it may suspend production and sales of cars in Russia as economic sanctions could disrupt supply chains