- Mercedes-Benz is the latest Western company to withdraw from the Russian market and announced it will sell shares in its subsidiaries to a local investor.
- In early March, the company halted manufacturing in Russia and stopped its exports to the country following the invasion of Ukraine.
- Many Western companies have pulled out of Russia this year, including Starbucks, McDonald’s, and Coca-Cola.
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Mercedes-Benz Pulls Out Of Russia
The German-based firm withdraws from Russian market and sells subsidiary shares
