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Honda suspends automobile, motorcycle exports to Russia -Breaking


© Reuters. FILE PHOTO – The Honda logo was displayed during the 89th Geneva International Motor Show, Geneva, Switzerland on March 5, 2019. REUTERS/Pierre Albouy

TOKYO, Reuters -Honda Motor announced Wednesday that it had suspended exports of its motorcycles and automobiles to Russia as a result of countries imposing stricter sanctions against Russia for protesting its invasion in Ukraine.

A Honda spokesperson confirmed to Reuters Wednesday that Russia had already banned exports, but did not elaborate on the date.

Because Honda has no factories in Russia and individual dealers are able to sell Honda vehicles there, they can only be sold by local dealers. The fiscal 2020 ended with 1,406 Honda cars sold in Russia. It was over March 2021.

Honda mentioned logistics and financing issues as reasons for suspension. They specifically exported the cars and made payments.

Mitsubishi Motor Corp. stated Tuesday that they may stop production of and sell cars to Russia due to supply chain disruptions resulting from sanctions.

The newspaper reported Wednesday that Mazda Motor (OTC) Corp plans to stop exports to Russia of automobile parts.

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