MOSCOW (Reuters) – Russia may tighten retaliatory sanctions against Western nations to include a ban on car imports, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported on Monday.
The impact of the measure on many foreign automakers would be softened because their factories inside Russia would not be affected, but some high-end brands such as Daimler AG’s Mercedes-Benz could be more vulnerable as their models have to be imported.
The West accuses Russia of arming separatist rebels in Ukraine, an allegation Moscow denies. Western governments imposed sanctions on Moscow, including on its …read more
Source: Newsweek
