Automotive Giants Won’t Send Vehicles to Russia

After Russia launched an ‘operation’ within the borders of Ukraine, the whole world signed huge sanctions against Russia. The sanctions, which aim to damage and hinder Russia’s international relations in every aspect, showed themselves in every sector. One of these sectors is automotive industry was.

After the invasion that started last week, French automaker Renault temporarily halted its production in Russia. This week, the number of automakers imposing sanctions on Russia has seen a huge increase. General Motors, Volkswagen AG, Mercedes-Benz Group and Volvo giants such as Russia announced that they have stopped selling cars.

Descriptions of automobile companies:

General Motors stated in its statement that it will not send vehicles to Russia until further notice. Sweden-based giant company Volvo, in a similar statement to General Motors, “There are potential risks to trade with Russia, including sanctions by the EU and the US. Volvo Cars to the Russian market until further notice won’t deliver any cars.” he stated.

Volkswagen also announced earlier this week that it is temporarily suspending car deliveries to dealers. VW spokesperson stated that the deliveries will continue once the effects of the imposed sanctions become clear. Daimler Truck also announced its agreement with Kamaz, 47% of which is owned by Russian state holding Rostec. including cooperation He noted that commercial activities in Russia were stopped.

The Russian automotive market grew by 4.3% in 2021, reaching 1.67 million sales. While 2 of the 3 best-selling cars in the country are produced by Lada, Kia Rio is in the third place. General Motors, which has not announced that it will not send automotive to Russia, 3,000 units per yearif Volvo 9 thousand units per year sells vehicles.