International Affairs
  • Opinion
  • Science
  • Current Affairs
  • Finance
  • Health
  • Sports
  • Tech
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ukraine Vows Retaliation After Deadly Russian Attacks; President Zelenskyy Responds

March 22, 2023

Boris Johnson denies lying in ‘Partygate’ scandal inquiry

March 22, 2023

Putin Commemorates 9th Anniversary of Crimea Annexation Amid ICC Arrest Warrant

March 18, 2023
Facebook Twitter Instagram
Trending
  • The Remarkable Life and Legacy of Jimmy Carter
Facebook Twitter YouTube
Thursday, March 23
International AffairsInternational Affairs
Career
  • Home
  • Current Affairs
  • Science
  • Tech
  • Finance
  • Opinion
  • Sports
  • Health
Facebook Twitter YouTube
Career
International Affairs
Home»Finance»Russian State Entity Takes Over Toyota Plant in St Petersburg

Russian State Entity Takes Over Toyota Plant in St Petersburg

By International AffairsMarch 18, 2023No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram WhatsApp
Toyota Plant
Share
Facebook Twitter LinkedIn Pinterest Email

Russian state entity NAMI may take over the Toyota plant in St Petersburg

According to the state-run TASS news agency, the Russian Industry and Trade Minister Denis Manturov stated that Toyota’s Saint Petersburg plant may be transferred to the Russian state entity NAMI. This comes after the Japanese carmaker announced last year that it would end vehicle production in Russia due to the interruption in supplies of key materials and parts.

NAMI already acquired plants from Renault and Nissan

NAMI, which stands for Russia’s Central Automobile and Engine Research and Development Institute, has already acquired plants from Renault and Nissan.

Toyota Plant

Toyota is considering options regarding the Toyota plant

A spokesperson for Toyota said that the company is considering what to do regarding the plant, as nothing has been decided at this point. The decision to end vehicle production in Russia was made last year after suspending production in St Petersburg last March following Moscow’s invasion of Ukraine.

Japanese companies have been more active in cutting ties in Russia

Data from the Chief Executive Leadership Institute (CELI) at the Yale School of Management shows that fewer than 100 of the more than 1,100 companies that have withdrawn from Russia or scaled back operations are from Asia. Japanese companies have been more active in cutting ties with Russia over the war in Ukraine than their Asian peers.

Table of Contents

  • Russian state entity NAMI may take over the Toyota plant in St Petersburg
    • NAMI already acquired plants from Renault and Nissan
    • Toyota is considering options regarding the Toyota plant
    • Japanese companies have been more active in cutting ties in Russia
Toyota Plant
Share. Facebook Twitter LinkedIn Reddit Telegram WhatsApp
International Affairs
  • Website
  • Facebook
  • Twitter

International Affairs News is an independent and non-partisan digital news platform dedicated to providing coverage and analysis of global affairs from a truly international perspective.

Related Posts

Finance Opinion

Who Is Merrill Lynch? Inside of Financial Services

March 1, 2023
Read More
Finance Current Affairs

Consumer Spending Remains Strong Despite High Inflation and Recession

February 27, 2023
Read More

Comments are closed.

Sign up and Start selling your Skills
Don't Miss
Current Affairs

Ukraine Vows Retaliation After Deadly Russian Attacks; President Zelenskyy Responds

March 22, 20233 Mins Read

Ukraine Will ‘Respond to Every Blow’ After Deadly Russian Attacks Ukraine’s President Volodymyr Zelenskyy has…

Read More

Boris Johnson denies lying in ‘Partygate’ scandal inquiry

March 22, 2023

Putin Commemorates 9th Anniversary of Crimea Annexation Amid ICC Arrest Warrant

March 18, 2023

Deadly Ecuador earthquake strikes Coastal Guayas region

March 18, 2023
Top News

Ukraine Vows Retaliation After Deadly Russian Attacks; President Zelenskyy Responds

March 22, 2023

Boris Johnson denies lying in ‘Partygate’ scandal inquiry

March 22, 2023

Putin Commemorates 9th Anniversary of Crimea Annexation Amid ICC Arrest Warrant

March 18, 2023

Deadly Ecuador earthquake strikes Coastal Guayas region

March 18, 2023
The Only Book You Need When Help is Not On The Way
About Us

The International Affairs news channel is a digital platform for independent and non-partisan coverage and analysis of global affairs. International Affairs Daily strives to be a comprehensive source for students, academics, and any professionals looking for global news on the go. Our team consists of individuals from around the world who are passionate about their local issues and global affairs.

Facebook Twitter YouTube

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Latest News

Ukraine Vows Retaliation After Deadly Russian Attacks; President Zelenskyy Responds

March 22, 2023

Boris Johnson denies lying in ‘Partygate’ scandal inquiry

March 22, 2023

Putin Commemorates 9th Anniversary of Crimea Annexation Amid ICC Arrest Warrant

March 18, 2023

Deadly Ecuador earthquake strikes Coastal Guayas region

March 18, 2023
1 2 3 … 14 Next
©2023 Designed by International Affairs.

Type above and press Enter to search. Press Esc to cancel.