Gaz Group rolls towards bankruptcy

GAZ Group is the biggest manufacturers of LCVs in Russia, controlling 44% of the domestic market. Photo - GAZ Group's vehicles

The Russian carmaker is desperately urging the US government to abandon sanctions against it before the company falls into bankruptcy. Oleg Deripaska, owner of Gaz, warned that July 4, when the existing sanctions are due to come into full effect, could be the last functional day of its production operations.

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