Foreign automakers have issued a stern threat to Russian companies as they suspend production in protest of Russia’s invasion of Ukraine.
Thus the companies have decided to resume their production in Russia.
Russia, which has invaded Ukraine, has been waging war for more than two weeks. Many countries around the world have condemned Russia’s invasion and imposed sanctions on it.
As part of this, foreign automakers operating in Russia such as Toyota, Volkswagen, Jaguar, Land Rover, Mercedes-Benz, Ford and BMW have suspended production and exports of their vehicles, according to international reports.
Russia has publicly threatened to nationalize all of its factories if foreign companies do not resume production of their vehicles.
Hyundai has said it will halt production due to the war and will resume production soon.
Companies like Renault and Autovas have also announced that they will start production.
Most vehicles sold in Europe and the West are manufactured and exported in Russia and Ukraine. In this situation, Russia’s threat has made the world fearful.