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The eighth package of sanctions, adopted by the EU in early October, will force automakers to urgently decide on their further stay in Russia. Why such prospects will
The confusion in which the global automotive groups found themselves at the beginning of the year, conducting their business in Russia, has so far not harmed them and has even brought them certain benefits. Suspension of status made it possible not to make drastic decisions and to adopt a wait-and-see attitude, more or less calmly observe the state of affairs regarding the special operation in Ukraine. Thus, they allowed themselves room for maneuver – in the event of an unfavorable development of the situation, they would leave Russia or, if the conflict was resolved, resume their activities without any problems.
The leadership of our country could not, or would not, force foreigners to decide – either make them work, spit on the sanctions that threaten them, or go home and leave here everything that has been acquired through overwork over many years of mutually beneficial cooperation. But suddenly, unexpectedly, the European Commission itself came to the aid of its native state, brandishing its infamous sanctions.
Among the points of the eighth package, which threatened our country with immediate destruction, destruction and disappearance from the face of the earth, suddenly conditions appeared for the thawing of the assets of Russian investors, which they could use to conduct transactions, sales and work of joint ventures. complete . In addition, the decision to unfreeze concerns transactions aimed at terminating (contract) agreements until January 7, 2023. In other words – guys, if you want to at least get something for your possessions in Russia, hurry up while we’re friendly! We give you the last chance to take money from Russian partners for your share in the joint venture, for which we release their finances. Businesses naturally panicked.
For particularly shy rushes like Renault, who rushed from the West at the first cry to cut all ties with Russia, the train is long gone. But the more cautious brands, which have taken a wait-and-see attitude, are now gathering. It is no coincidence that Toyota, Ford, Nissan and Mercedes-Benz announced in October that they would definitively stop production. Volkswagen, Mazda, Kia and Hyundai are planning to sell their factories before the end of the year.
It is a pity to restrict the activities of the Stellantis group, but it will apparently be necessary. The company PSMA Rus has just entered the international arena, its ambitions were to export up to 30,000 vehicles annually, as well as 80% of the turbo diesel engines produced, which were in high demand worldwide. After the economic war organized by the West, Russia must definitively renounce far-reaching plans. In the same eighth package, the European Union banned imports from Russia of finished and semi-finished steel products, machinery and equipment, and vehicles.
However, it would be an unforgivable mistake to attribute any good intentions to our western neighbors regarding the imminent thawing of investment funds. They will not hurt themselves in any way. To be precise, on the contrary, they again want to infringe on us as much as possible. Therefore, this thawing can only be done by a decision of the competent authorities of the EU countries. In addition, even the conditions for unblocking will be considered by the European authorities, who will only allow them in an emergency and on favorable terms for Europeans.
… Only now, sly to naivety, has Europe forgotten that at least two parties are involved in every transaction. And if the terms that the European Union is pushing for seem unacceptable to the Russians, they will simply refuse it, leaving overly greedy partners with a nose. It won’t get any worse for us, it won’t fall over us. Unlike European manufacturers, who after January 7 can conclude agreements on the sale of their factories for 1 ruble.
The confusion in which the global automotive groups found themselves at the beginning of the year, conducting their business in Russia, has so far not harmed them and has even brought them certain benefits. Suspension of status made it possible not to make drastic decisions and to adopt a wait-and-see attitude, more or less calmly observe the state of affairs regarding the special operation in Ukraine. Thus, they allowed themselves room for maneuver – in the event of an unfavorable development of the situation, they would leave Russia or, if the conflict was resolved, resume their activities without any problems.
The leadership of our country could not, or would not, force foreigners to decide – either make them work, spit on the sanctions that threaten them, or go home and leave here everything that has been acquired through overwork over many years of mutually beneficial cooperation. But suddenly, unexpectedly, the European Commission itself came to the aid of its native state, brandishing its infamous sanctions.
Among the points of the eighth package, which threatened our country with immediate destruction, destruction and disappearance from the face of the earth, suddenly conditions appeared for the thawing of the assets of Russian investors, which they could use to conduct transactions, sales and work of joint ventures. complete . In addition, the decision to unfreeze concerns transactions aimed at terminating (contract) agreements until January 7, 2023. In other words – guys, if you want to at least get something for your possessions in Russia, hurry up while we’re friendly! We give you the last chance to take money from Russian partners for your share in the joint venture, for which we release their finances. Businesses naturally panicked.
For particularly shy rushes like Renault, who rushed from the West at the first cry to cut all ties with Russia, the train is long gone. But the more cautious brands, which have taken a wait-and-see attitude, are now gathering. It is no coincidence that Toyota, Ford, Nissan and Mercedes-Benz announced in October that they would definitively stop production. Volkswagen, Mazda, Kia and Hyundai are planning to sell their factories before the end of the year.
It is a pity to restrict the activities of the Stellantis group, but it will apparently be necessary. The company PSMA Rus has just entered the international arena, its ambitions were to export up to 30,000 vehicles annually, as well as 80% of the turbo diesel engines produced, which were in high demand worldwide. After the economic war organized by the West, Russia must definitively renounce far-reaching plans. In the same eighth package, the European Union banned imports from Russia of finished and semi-finished steel products, machinery and equipment, and vehicles.
However, it would be an unforgivable mistake to attribute good intentions to our western neighbors regarding the impending thaw of investment funds. They will not hurt themselves in any way. To be precise, on the contrary, they again want to infringe on us as much as possible. Therefore, this thawing can only be done by a decision of the competent authorities of the EU countries. In addition, even the conditions for unblocking will be considered by the European authorities, who will only allow them in an emergency and on favorable terms for Europeans.
… Only now, sly to naivety, has Europe forgotten that at least two parties are involved in every transaction. And if the terms that the European Union is pushing for seem unacceptable to the Russians, they will simply refuse it, leaving overly greedy partners with a nose. It won’t get any worse for us, it won’t fall over us. Unlike European manufacturers, who after January 7 can conclude agreements on the sale of their factories for 1 ruble.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
