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German automaker Mercedes-Benz has announced that it is leaving Russia and selling its shares in the local subsidiaries of the dealer, which owns “Avtodom”. As Ukrinform reported, this
As Ukrinform reported, this was reported by Interfax with reference to the Russian representation of the concern.
In particular, there will be shares in “Mercedes-Benz RUS” JSC, “Mercedes-Benz Manufacturing Rus” LLC (factory in the suburbs of Moscow), “Mercedes-Benz Financial Services Rus” LLC, “Mercedes-Benz Bank Rus” LLC. “Mercedes-Benz Capital Rus” LLC. The completion of the agreement is still subject to approval by all relevant authorities.
The Russian Ministry of Industry and Trade has promised to find a new technological partner for Avtodom. This company is now expected to maintain Mercedes-Benz cars that were previously sold on the Russian market.
As reported, in early March, Mercedes-Benz Group AG, the last of the European automakers, announced that it was suspending the export and production of cars in Russia. Shortly before that, Daimler Truck Holding AG, which split from Mercedes-Benz in December 2021, announced that it would cease operations in Russia and review its prospects for a joint venture with KAMAZ in Naberezhnye Chelny.
On February 24, Russia began a new phase of the war against Ukraine – a full-scale invasion. Western companies are leaving the Russian market. The democratic countries of the world put pressure on the Russian Federation and at the same time provide comprehensive assistance to Ukraine.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
