KAMAZ, which is the largest manufacturer of trucks in our country, was on the list of companies that are subject to EU sanctions in connection with the situation in Ukraine.
Director General of KAMAZ Sergey Kogogin said that the automaker agreed with the Government of the Russian Federation on a plan for further actions and intends to fulfill obligations to suppliers.
According to the source, Daimler Truck AG is suspending cooperation with KAMAZ, 15% of which belongs to the German automaker. KAMAZ is a manufacturer of military equipment, and the continuation of cooperation between Daimler Truck AG and the Russian manufacturer is difficult due to the hostilities in Ukraine. It is planned to stop the supply of components and the production of trucks within the framework of the joint venture Daimler KAMAZ Rus in Naberezhnye Chelny.
The information from the previous paragraph was left without comment in the press service of KAMAZ.
Source: ixbt
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