Volkswagen’s plans to pull out of Russia have been jeopardised after a court froze its assets in the country pending a lawsuit by sanctioned oligarch Oleg Deripaska’s Gaz Group.
The German company announced last year that it would stop making cars in Russia. This included its plant in Kaluga, where it still pays roughly 4,000 employees to stay at home, and an automotive assembly plant in Nizhny Novgorod, which it ran with Russian carmaker Gaz.
Gaz last week filed a lawsuit against VW, disputing an agreement the two had struck to end a collaboration that was due to run until 2025, and called for VW’s assets to be frozen as it said the carmaker planned to leave the country “in the nearest future”.
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