Toyota and Lexus explained the suspension of deliveries and production of cars in the Russian Federation as a violation of supply chains

Deliveries of Toyota and Lexus vehicles to Russia are temporarily suspended until further notice due to the disruption of logistics supply chains in the region. This information was confirmed by the Japanese company.

They noted that deliveries will be resumed as supply chains are restored.

At the same time, the company added that currently all official dealerships of Toyota and Lexus are operating as usual. However, due to delays in the supply of components, the plant in St. Petersburg, which produces the RAV4 and Camry, is suspending its work from March 04, 2022.

Earlier, many European and American car brands announced the suspension of deliveries of cars to the Russian Federation and the temporary closure of production facilities in Russia due to its military operation in Ukraine.

Recall that on February 21, 2022, Russian President Vladimir Putin signed decrees recognizing the independence of the self-proclaimed Donetsk and Luhansk People’s Republics (DPR and LPR), and on February 24 he made an emergency appeal to the Russians and announced a special military operation in Donbass. In his speech, he stated that “circumstances require decisive action from Russia” and stressed that “Russia will not allow Ukraine to have nuclear weapons.”

In response to Russia’s actions, Western countries (USA, Canada, European Union, Great Britain, Japan) announced new, tougher sanctions against the Russian Federation, including financial and economic ones.

In particular, Russian banks fell under the sanctions, including Sberbank, VTB, Novikombank, FC Otkritie and Sovcombank, and for a number of state-owned companies it was difficult to attract foreign capital.

Later, the EU countries and the United States agreed to disconnect Russian banks that fell under sanctions from the international system of interbank transactions and information exchange SWIFT. In addition, it was decided to freeze the assets of the Bank of Russia, which will create difficulties for its use of international reserves. EU countries also pledged to take steps to limit the sale of citizenship — the so-called “golden passports” that allow wealthy Russians connected to the Russian government to become citizens of EU states and gain access to their financial systems. In addition, the European Union, the United States, Canada and a number of other countries have closed the sky for Russian aircraft.

You can follow the chronicle of events around Ukraine here.