MERCEDES-BENZ IS THE LATEST WESTERN COMPANY TO WITHDRAW FROM RUSSIA

  • 26/10/2022

Mercedes is the most recent foreign company to leave Russia in the wake of the February invasion of Ukraine.

Early in March, the German company stopped producing in and importing from the nation.

However, it has since announced that it will leave the Russian market and sell stock in its subsidiaries to a regional investor.

Nissan, a Japanese company, left Russia earlier this month after Toyota and Renault did the same.

Nissan handed over its business to a state-owned organisation for a nominal fee, reportedly less than £1, at a loss of $700 million (£600 million).

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