Japan's Nissan suspends Russia production for six months, 28 June 2022

Japan's Nissan Motor Co Ltd has suspended production in Russia for the first half of the business year that began on April 1 as there is little prospect of the situation improving, Chief Executive Makoto Uchida said...

"We believe this situation could become more serious and prolonged," a spokesman quoted Uchida as saying at Nissan's annual general meeting (AGM), in reference to a worsening Russia-Ukraine conflict.

Workers have been informed and the automaker will continue to monitor the situation and minimise its impact, Uchida said.

Nissan suspended production in Russia in March as well as exports there after Russia invaded Ukraine, raising logistics risk as Western nations imposed an array of economic sanctions...