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Jaguar and Aston Martin suspend deliveries to Russia until further notice

Jaguar and Aston Martin suspend deliveries to Russia until further notice

The two luxury car groups have stopped deliveries of vehicles to Russia since yesterday.

 

Aston Martin and Jaguar halted vehicle deliveries to Russia on Tuesday night as sanctions related to the war in Ukraine have created increasing trade barriers for the automotive industry.

 

Some Russian banks have even been excluded from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a secure messaging system designed to ensure speedy cross-border payments, preventing trade relations.

 

Shipping giants such as MSC and Maersk have suspended container shipping to and from Russia, further isolating the country. As a result, it is virtually impossible for Russian car dealers or customers to buy cars and for car manufacturers to ship them, which has halted new car sales in the country.

 

In a statement, Aston Martin said “As a global brand that exports products to both Ukraine and Russia, Aston Martin is closely monitoring the current situation in Ukraine. (…) Our primary concern is the safety and well-being of our partners and customers in Kiev and their families and we remain in close contact with our local dealer during this difficult time.”

 

See Also

 

Read also > JAGUAR LAND ROVER EMBRACES INNOVATION WITH NVIDIA

 

 

Featured photo : © Jaguar

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