Feb 28 (Reuters) – Global auto and truck makers, including Sweden’s Volvo Cars (VOLCARb.ST) and Germany’s Daimler Truck (DTGGe.DE), on Monday suspended some business in Russia following that country’s invasion of Ukraine.
Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled operations in Russia following Western sanctions against Russia.
Energy giant BP Plc , Russia’s biggest foreign investor, abruptly announced over the weekend it was abandoning its 20% stake in state-controlled Rosneft (ROSN.MM) at a cost of up to $25 billion. read more
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On Monday, Swedish automaker Volvo Cars said it would suspend car shipments to the Russian market until further notice, becoming the first international automaker to do so as sanctions over the invasion continue to bite. read more