The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground there.
The company also said it expected production would be interrupted because of supply bottlenecks.
“Due to the current geopolitical situation, we are discontinuing our local production in Russia and exporting to the Russian market,” BMW said in a statement.
Also Japanese automaker Mitsubishi Motors is also concluding plans to suspend production and sale of its cars in Russia as economic sanctions imposed on Russia could trigger supply chain disruptions.
Japanese trading house Mitsubishi Corp owns 141 Mitsubishi dealerships in Russia, according to its website.
Japan on Tuesday joined the United States and other allies in slapping additional sanctions on Russia, including freezing assets of the country’s leaders and three financial institutions.
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