Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant - Foreign Affairs

Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant - Foreign Affairs - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant (40868 Views)

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Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Fira09(op): 6:22pm On Oct 26, 2022

Mercedes-Benz has announced it is leaving the Russian market over the Russia-Ukraine war.

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian Industry and Trade Ministry said Wednesday, October 26, becoming the latest automaker to exit since Moscow sent troops to Ukraine.

"Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement.

"The new owner of the Russian divisions of Mercedes-Benz, Avtodom, will be able to attract other companies as partners for joint productions," the ministry added.

Mercedes-Benz confirmed its intention to sell in a separate statement.

"The fulfillment of obligations to customers in Russia... as well as the preservation of jobs for employees of the Russian divisions of the company" were the priority in concluding the deal with Avtodom, general director of Mercedes-Benz-RUS Natalya Koroleva said.

"The completion of the transaction is subject to the approval of all relevant authorities," Mercedes-Benz said in the statement.

Many Western companies left Russia for ethical or logistical reasons since Moscow launched what it calls a "special military operation" in Ukraine on Feb. 24.

No financial details of the transaction were provided by either side on Wednesday.

Western sanctions imposed on Russia since the beginning of the Ukraine offensive have heavily disrupted supply chains affecting mostly technology and car manufacturing sectors.

SOURCE

13 Likes 4 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by God1000(m): 6:27pm On Oct 26, 2022*

Putin created this problem for his people.

He should thank China for filling in the gap a bit, without China Russia will become another Sri Lanka.

210 Likes 14 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by slivertongue: 6:28pm On Oct 26, 2022*

BENZ should relocate to Nigeria

103 Likes 9 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by NotBeenPaid: 7:04pm On Oct 26, 2022

War is expensive.

180 Likes 13 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Donvictor2015: 7:42pm On Oct 26, 2022

Nawa for putin ooo

65 Likes 6 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by mmadu5(m): 7:42pm On Oct 26, 2022

I trust Nigerian guys in Russia

22 Likes 2 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by ZINNYBANKS: 7:42pm On Oct 26, 2022*

^{This niggarr has started what he won't finish...}

24 Likes 3 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by orion7: 7:43pm On Oct 26, 2022

If Nigeria was a serious country we will just be cashing out because of this conflict

But Apc and pdp urchins not let person see road. Goats

82 Likes 8 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by owiko(m): 7:43pm On Oct 26, 2022

1 Like

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Nobody: 7:43pm On Oct 26, 2022

oh oh I guess they will have to drive those vodka cars
grin

32 Likes 3 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Canyona1(m): 7:43pm On Oct 26, 2022

Wow , where are they heading too

1 Like 1 Share

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Shellsploit: 7:43pm On Oct 26, 2022

Something tinubu has purchased for pre election campaign

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by voltron14: 7:43pm On Oct 26, 2022

NotBeenPaid:
War is expensive.

You damn right.

4 Likes 2 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Angelfrost(m): 7:43pm On Oct 26, 2022

That's not Putin's business... He has a dick measuring contest to win!!!

Even a sudden famine in Russia won't slow him down... That guy's worse than the Biblical Pharaoh of Egypt!

54 Likes 6 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Seankhalifa: 7:43pm On Oct 26, 2022

U collect chealsea... I collect benz grin

11 Likes 2 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Benz03: 7:43pm On Oct 26, 2022

Omo Benz wants to go

3 Likes 1 Share

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by olaboy33(m): 7:44pm On Oct 26, 2022

How does one man become so Powerful to bring all these woe on his people.

It will take Russia tens of years to recover from the effects of the war.

35 Likes 7 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Quelme: 7:44pm On Oct 26, 2022*

Who are they fooling?

These Western brats with their over bloated ego think we are fools. They are not leaving just rebranding their names to seem politically correct. Nonsense!!!

Long live Putin! Long live Rossiya!!!

69 Likes 5 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Davidgr8(m): 7:44pm On Oct 26, 2022

Nice move

After this war,a lot of lessons will be learnt from both sides.

Nobody truly wins in a war.

10 Likes 1 Share

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by harryboyng(m): 7:44pm On Oct 26, 2022

slivertongue:
BENZ should come to Nigeria

You wish

1 Like 1 Share

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by kingthreat(m): 7:44pm On Oct 26, 2022

After the 2nd World War, Germany became fully occupied by the Soviets(East) and Americans(West)
After the Berlin Wall incident, the Soviets left East Germany. The whole of Germany became fully occupied by USA.
Since then, Germany cannot make decision that goes against the USA. Same with Japan and Poland.
USA calls them Allies, but we know the truth.
Long live Russia

194 Likes 10 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by dubaino(m): 7:44pm On Oct 26, 2022

123

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by immortalcrown(m): 7:44pm On Oct 26, 2022

Benz don ben johnson.

3 Likes 1 Share

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Terry44: 7:44pm On Oct 26, 2022

Gimme one glk

4 Likes 2 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by richeeyo(m): 7:44pm On Oct 26, 2022

mmadu5:
I trust Nigerian guys in Russia

You dey think at all
Na your type dey go embarrass Nigeria outside

6 Likes

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Kingsnairaland(m): 7:44pm On Oct 26, 2022*

The dictatorship of the Western elites is directed against all societies, including the peoples of the Western countries themselves. This is a challenge to all, look at the way they treat Kanye west aka ye and trump it only a matter of time they will fight to cancel the part where the scripture said homosexuality is a sin.

They lie that Ukraine is winning but From prisoner exchange you will know who died more Russia has more prisoners than Ukraine this shows Russia killed more Ukraine military men.

The foolish comidian president.... He thought he would win, so he can have a stand up comedy even movies about Ukraine vs Russia, the US really know how to brain wash anyone they want to..

The truth is that Russia is busy fighting evil that would consume the world but some people are seeing the opposite and it's unfortunate.

God bless putin God bless mother Russia...

56 Likes 9 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Bfly: 7:45pm On Oct 26, 2022

Putin could hardly be wrong.

4 Likes 2 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Newyorkitis(m): 7:45pm On Oct 26, 2022

I trust Putin... Things like this can only shake a third world country like Nigeria whose technology is nothing to write home about.
Not a technological sound and advanced country like Russia.

34 Likes 2 Shares

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by Octopusssy(f): 7:45pm On Oct 26, 2022

slivertongue:
BENZ should come to Nigeria

You gat jokes

Re: Russia-Ukraine War: Mercedes-benz To Leave Russia, Sells $2b Plant by sofeo(m): 7:45pm On Oct 26, 2022

Wow.

2 Likes

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