Automakers

Russian auto boom town grinds to halt over sanctions

VW Kaluga Russia
VW, whose Kaluga factory employs 4,200 people, suspended operations after Russia's invasion of Ukraine led to parts shortages. (VW)
R
By:
Reuters
April 05, 2022 09:13 AM

Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions hit the small Russian city of Kaluga and its flagship foreign automakers, with more sanctions likely to come.

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