Truck manufacturers suspend trade with Russia as sanctions bite


 

The Russian invasion and war in Ukraine have brought some fairly swift economic retaliation from the UK, USA and EU. Russian banks and companies have been sanctioned, as has a long list of individuals. The list of companies includes the Russian truck maker Kamaz, which is now subject to a list of EU sanctions. Kamaz was involved in a joint venture with Daimler Trucks, but the company has now discontinued all business operations in Russia. “I would stress that our […]