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German companies are increasingly withdrawing from Russia

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D.German industrial groups with activities in Russia increasingly want to withdraw from the country in view of the partial mobilization of the Russian armed forces.

Thyssenkrupp WELT AM SONNTAG announced that following the stoppage of production at its car plant in Kaluga, south of Moscow, the group was now also cutting “staff at other locations in Russia” and thus reducing its “business activities in Russia. “.

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According to Thyssenkrupp, it generates less than one percent of group sales in the country and has already reduced this share even further. Automotive supplier Bosch also wants to further reduce its business in Russia.

WELT AM SONNTAG was told that “different options are currently being explored for each commercial area and location”, “this also applies to our factories”.

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