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Volkswagen may purchase a stake in Gaz Group in order to help the carmaker avoid US sanctions, said Russian deputy prime minister Dmitry Kozak, speaking during a press-conference in Moscow on October 19. Negotiations have already taken place, but the final decision has not yet been made, Kozak added.
The US is planning to lift sanctions imposed on companies owned or controlled by Russian billionaire Oleg Deripaska and has once again postponed the introduction of sanctions against the Russian carmaker Gaz Group, in which Deripaska has a controlling interest. New ownership is necessary.
Speaking recently at a press conference, Deripaska said that Gaz may not survive if it stays on the US blacklist. He added that there are currently no talks with US Office of Foreign AssetsControl (OFAC) over the terms of lifting the sanctions.
Speaking recently at a press conference, Deripaska said that Gaz may not survive if it stays on the US blacklist. He added that there are currently no talks with US Office of Foreign AssetsControl (OFAC) over the terms of lifting the sanctions.
Speaking at a press conference on April 13, VW’s chairman Herbert Diess said the possible sanctions were a concern and that if sanctions against Gaz were applied, VW would have to review its business relationship with the Russian vehicle-maker. It also assembles Sprinter Classics for Daimler at the plant.
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