Ukraine has brought sanctions against Russian car manufacturers

Ukraine has brought sanctions against Russian car manufacturers

RusAutoNews.Com –  Ukraine has brought sanctions against a number of Russian companies, including GAZ Group and KAMAZ.

According to portal, sanctions have been imposed on GAZ Group, also affecting bus factories under the company’s umbrella, such as: LiAZ and PAZ, for a period of three years. The sanctions imply a temporary blocking of the assets of companies in Ukraine, restriction of trade operations and a ban on public procurement of their products. Gorky Car Factory has not been specifically mentioned in the decree, however, it’s likely that the plant will be affected by the restrictions.

Remarkably, PAZ became the leader of the Ukrainian bus market last year, exporting 401 vehicles to the country (Russian sales figure for the aforementioned period was 5952 units). According to Ukravtoprom Association, 90 PAZ buses and 350 GAZ light commercial vehicles have been sold in the country during the first quarter of 2017.

With regards to KAMAZ, restrictions have been imposed on trade operations for the duration of one year. As previously reported, the Naberezhnye Chelny company had already stopped the official deliveries of trucks and components to Ukraine, however, according to Ukavtoprom, 45 KAMAZ trucks have been sold in Ukraine within the first quarter of the year.

LADA and UAZ automobiles are currently being delivered to the Ukrainian market from Russia, alongside the Russian assembly Hyundai Solaris (named Accent in Ukraine), Hyundai Creta and Volkswagen Polo models.