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How the US plans to exit the Russian car industry without Chinese components

  • June 29, 2022
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The US Treasury Department continues to impose blocking sanctions on the flagships of the domestic auto industry. In addition, the new restrictions will be so strict that it

How the US plans to exit the Russian car industry without Chinese components

The US Treasury Department continues to impose blocking sanctions on the flagships of the domestic auto industry. In addition, the new restrictions will be so strict that it will be impossible to obtain auto parts even from the remaining Chinese partners. The AvtoVzglyad portal has been investigating how US authorities are tightening the stranglehold on sanctions.

The new restrictions apply to the KamAZ group, which in addition to the car plant of the same name also includes the manufacturer of the transport company NefAZ and the Tutaevsky Motor Plant. At the same time, the US Treasury Department graciously allowed trades on farm equipment until December 22, but only for TMZ and NefAZ.

As a result, US persons are not allowed to transact with the listed companies. These individuals are not only companies registered in the United States, but also citizens and banks that use dollars as a payment currency.

According to Kommersant, deliveries of auto parts to Naberezhnye Chelny, even from ‘friendly’ China, could be stopped. After all, local banks try not to make payments for structures that could become the subject of secondary sanctions, so as not to fall under them themselves.

KamAZ itself assures that “the company will continue to work”. In addition, the car giant even showed a new generation of fire trucks and also developed a restyling project for the classic family of its trucks.

The new restrictions apply to the KamAZ group, which in addition to the car plant of the same name also includes the manufacturer of the transport company NefAZ and the Tutaevsky Motor Plant. At the same time, the US Treasury Department graciously allowed trades on farm equipment until December 22, but only for TMZ and NefAZ.

As a result, US persons are not allowed to transact with the listed companies. These individuals are not only companies registered in the United States, but also citizens and banks that use dollars as a payment currency.

According to Kommersant, deliveries of auto parts to Naberezhnye Chelny, even from ‘friendly’ China, could be stopped. After all, local banks try not to make payments for structures that could become the subject of secondary sanctions, so as not to fall under them themselves.

KamAZ itself assures that “the company will continue to work”. In addition, the car giant even showed a new generation of fire trucks and also developed a restyling project for the classic family of its trucks.

Source: Avto Vzglyad

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