STLA - Sanctions Workaround? Citroen Cars Roll On In Russia Despite Stellantis Exit Thanks To Chinese Help | Benzinga
Despite the cessation of production in Russia in 2022, Russian partners have reportedly teamed up with a Chinese counterpart to continue producing Stellantis Citroen cars, according to recent findings.
What Happened: As per the customs data and two anonymous sources, Automotive Technologies, a Russian company, imported at least 42 car kits from China’s Dongfeng Motor Group (OTC:DNFGY) in December, Reuters reported. These kits were then used to assemble Citroen C5 Aircross models at the Kaluga plant, which is still primarily owned by Stellantis.
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It remains uncertain whether the imported kits from China contained parts that are under Western sanctions on Russia. This situation underlines the diminished control Western companies have over their brands in Russia ...