(London) The British car manufacturer Jaguar Land Rover (JLR) announced on Tuesday the suspension of its vehicle deliveries to Russia, in a country which is seeing an increase in Western sanctions on its economy.
Posted at 4:11 p.m.
“We are suspending the delivery of vehicles to the Russian market,” announced JLR, which belongs to the Indian group Tata, in a press release sent to AFP, pointing out “the commercial challenges” posed by the current global context.
Britain’s Enterprise Minister Kwasi Kwarteng praised the automaker’s decision on Twitter on Tuesday.
“There are now a growing number of companies and governments joining the entire international community in isolating Russia, both diplomatically and financially,” he said.
The British energy group Centrica, parent company of the supplier British Gas, announced on Tuesday evening that it intended to end its gas supply agreements with Russian companies, in particular Gazprom.
The British hydrocarbon giant Shell announced on Monday that it would part with its shares in several joint projects with Gazprom in Russia, following the example of its compatriot BP which is disengaging from Russian Rosneft.
The French TotalEnergies announced on Tuesday that “it will no longer provide capital for new projects in Russia”. Entertainment behemoths Disney and Sony Pictures have suspended the release of their films in theaters in Russia.
The world’s largest heavy-duty manufacturer Daimler Truck for its part suspended Monday “until further notice” its activities in Russia, including cooperation “of a civil nature” with the truck producer Kamaz which also supplies the Russian army.
Some companies have responded to the war in Ukraine “by freezing transactions with Moscow and abandoning financial investments worth billions”, commented Susannah Streeter, analyst for Hargreaves Lansdown and “more companies should follow suit”, according to her. .