Volvo Suspends Sales and Production in Russia... Shipping Indefinitely Delayed
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[Asia Economy Sejong=Reporter Lee Junhyung] Swedish automaker Volvo Group will temporarily suspend production and sales in Russia.
On the 28th (local time), Volvo Group announced that it will temporarily halt production and sales in Russia and indefinitely postpone shipments of vehicles bound for Russia. In a press release, Volvo Group stated, "This decision was made due to the Ukraine crisis and sanctions against Russia," adding, "At this time, sanctions and safety issues need to become clearer."
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Russia accounts for about 3% of Volvo Group's total sales volume. The company also operates one truck manufacturing plant in Russia.
This content was produced with the assistance of AI translation services.
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