The volume of automotive components being imported into Russian assembly plants has nearly doubled over the past few years but the continued threat of secondary sanctions on the companies supplying them, combined with the impact of Covid-19 on the supply chain, means the Russian automotive industry could shutdown. What it needs for the future is a new localisation strategy, according to Vadim Sorokin, president of Russian vehicle maker Gaz Group.
The volume of automotive components being imported into Russian assembly plants has nearly doubled over the past few years but the continued threat of secondary sanctions on the companies supplying them, combined with the impact of Covid-19 on the supply chain, means the Russian automotive industry could shutdown. What it needs for the future is a new localisation strategy, according to Vadim Sorokin, president of Russian vehicle maker Gaz Group.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
By creating your account you will be able to stay up-to-date with the latest industry developments, trends and analysis, read in-depth reports and intelligence, and connect with your peers.
Creating an account gives you:
Gain access to our exclusive content and features register free today
Non-registered users are able to access one AL exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
JLR has signed a contract with parts supplier Evtec Aluminium worth $67m for the supply of EV powertrain parts
Parts makers in Portugal have increased exports for the ninth consecutive month. Despite ongoing supply chain pressures in Europe, the value of parts exported rose to €992m in January
The plant in Silao, Mexico will increase production up to 8.5m pieces with the investment, announced after ten years of manufacture at the site.
![Global[1]](https://d3n5uof8vony13.cloudfront.net/Pictures/web/a/d/s/global1_726550.svgz)
