Mercedes Benz to sell Russian assets in Ukraine

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The Russian ministry of industry and trade said on Wednesday that the German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor.

 

Since Moscow sent troops to Ukraine. Mercedes-Benz becomes the latest automaker to exit Russia.

 

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

AFP

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