BMW to halt car production in Russia

The company cited Russia's "aggression" against Ukraine as a reason for the halt, and problems with the supply of spare parts in the automobile industry due to the closure of some plants in Ukraine.

"Owing to the current geopolitical situation, the BMW Group is halting deliveries to the Russian market, as well as the production of domestic cars," BMW's press service confirmed to Forbes. “Further decisions will be made based on the development of the situation”, the service added.