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Gaz could be sold to VW to avoid US sanctions

Automotive Logistics

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. According to official information, Oleg Deripaska owns 65.56% of Gaz Group.

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VW asks Putin to help with special contracts and sanctions

Automotive Logistics

Russian president Vladimir Putin has placated tension between VW Group and the Russian Ministry of Industry and Trade by promising the carmaker a special investment contract (Spic) and access to additional state support if it goes ahead with plans to increase production in the country. Light tunnel: Quality assurance Volkswagen Polo Sedan.

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Putin promises to help VW with special contracts and state support

Automotive Logistics

Russian president Vladimir Putin has placated tension between VW Group and the Russian Ministry of Industry and Trade by promising the carmaker a special investment contract (Spic) and access to additional state support if it goes ahead with plans to increase production in the country. Together with GAZ.

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US considers lifting sanctions against Gaz

Automotive Logistics

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.

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Trump sanctions leave Gaz exports in doubt

Automotive Logistics

The production and export operations of Gaz Group in Russia remain up in the air, after the US first imposed and then delayed sanctions against its owner Oleg Deripaska this month. In addition to Gaz Group, Deripaska is also the owner of Rusal, a major supplier of aluminium to most of Russia’s vehicle assembly plants.

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