RUSSIA UKRAINE CONFLICT SANCTIONS ECONOMY

Mercedes-Benz leaves Russia

epa10266730 A wheel with the logo of the Mercedes-Benz is seen on a car near the Mercedes-Benz dealer Autodom autosalon in Moscow, Russia, 26 October 2022. Mercedes sold its plant in the Moscow region and property to his dealer of the Avtodom Group. The car producer estimated its assets in the Russian Federation at two billion Euro. Deliveries of cars selling above 50,000 euro from the EU and all cars from the United States to Russia are prohibited by sanctions in March 2022. Mercedes has become the third manufacturer in the passenger car industry to leave the Russian market. Prior to that, Renault and Nissan had sold their assets and left it. EPA/YURI KOCHETKOV EPA-EFE/YURI KOCHETKOV

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