Skip to content
Edit post

Russian media: Mercedes-Benz to leave Russia, sell assets

by The Kyiv Independent news desk October 26, 2022 12:09 PM 1 min read
This audio is created with AI assistance

German carmaker Mercedes-Benz plans to sell its Russian assets to local car dealer Avtodom, according to Russian-controlled news agency RIA Novosti.

According to Moscow Times, Mercedes-Benz confirmed it intended to quit Russia. "The completion of the transaction is subject to the approval of all relevant authorities," Mercedes-Benz reportedly said in the statement.

No financial details of the transaction were provided by either side, the media wrote.

Mercedes-Benz is the latest car manufacturer to exit Russia since the Kremlin launched its full-scale invasion on Feb. 24. Earlier in 2022, automakers Renault and Nissan announced they were leaving the Russian market.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
10:52 AM

Trump wins South Carolina primary.

Former U.S. President Donald Trump won South Carolina's primary, where Republicans voted for their preferred presidential candidate, results showed on Feb. 25.
2:42 AM

US philanthropist pledges $300 million for Ukraine in 2024.

The Howard G. Buffett Foundation has already donated over $500 million in humanitarian assistance to Ukraine since the start of Russia's full-scale invasion. The combined funds exceed the humanitarian aid contributions of the United Kingdom, the Netherlands, and Canada.
9:13 PM

UK will boost humanitarian aid to Ukraine by over $10 million.

"Ukrainians are bravely defending their land against Russia’s brutal invasion, but the past two years of war have had a tragic impact on millions of people across Ukraine. Families have been separated, towns and villages decimated, and vital civilian infrastructure destroyed," said U.K. Foreign Secretary David Cameron in a written statement.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.