By Ben Klayman

(Reuters) – Global truck and auto makers include Sweden’s Volvo Cars as well as Germany’s. Daimler (OTC) Truck suspended business operations in Russia on Monday following the invasion of Ukraine.

Last week saw the largest attack on another state in Europe by Russian troops against Ukraine since World War Two. Following Western sanctions on Russia, many Russian firms stopped operating in Russia.

BP Plc (NYSE:) Plc was Russia’s largest foreign investor and energy giant. It abruptly announced that it would be selling its 20% share in Rosneft, the state-controlled Rosneft, at a total cost of as high as $25 billion.

Volvo Cars of Sweden, the largest automaker in the country, said Monday it would stop Russian auto shipment to Russia until further notice. It is also the first automaker internationally to announce this, given the continuing sanctions against the invaders.

According to the statement by the company, it stated that the company made the decision due “potential risks associated trading material with Russia, as well as the US sanctions.”

It stated that Volvo Cars would not be delivering any vehicles to Russia until further notice.

Volvo spokesperson said that the company exports cars to Russia via plants in Sweden and China.

Based on data from the industry, Volvo sold approximately 9,000 cars Russia in 2021.

Earlier Monday, RIA reported that Volkswagen (DE) temporarily suspended Russian car deliveries to local dealers. Citing a company statement. Reuters reached VW without any immediate comments.

VW stated previously that production would be halted at two German factories this week due to delays in getting parts manufactured in Ukraine.

Daimler Truck stated Monday that Russia would be the immediate target of its business activity. This includes its partnership with Kamaz, a Russian truckmaker.

According to the Handelsblatt newspaper, Mercedes-Benz Group also is exploring legal options for selling its 15% share in Kamaz.

Mercedes spokeswoman told Reuters that all business activities needed to be reevaluate in light of current events.

Mercedes-Benz Group (formerly Daimler AG, DE:) was the parent of Daimler Truck prior to the company’s spin-off.

AB Volvo, a Swedish truck manufacturer, said that it had stopped all Russian production due to the crisis. About 3% of its Russian sales are generated by it and the factory is there.

According to Reuters spokespersons, “We have a little more clarity about security and sanctions in the region… which means all operations in Russia cease.” They also stated that these measures will continue in effect until further notice.

On Monday, officials from the U.S. automobilemakers Ford Motor (NYSE 🙂 Co. and General Motors Co. (NYSE 🙂 were unable to be reached for comment.

Ford holds a half-share in three Russian plant plants. Ford had previously indicated that while it worked to minimize any impact on operations, its principal concern was employee safety in Russia.

GM sells a very small number of cars in Russia and has previously indicated that there is limited supply-chain exposure. GM also works to protect employees.

Last week saw several automakers and their suppliers including Renault After the invasion, tire manufacturer Nokia (NYSE) Tyres and Parts maker Aptiv (PA:), both stopped production. Aptiv, a parts maker (NYSE:), moved high-volume work from Ukraine to Japan. Sumitomo Electric Industries also suspended its operations in Ukraine.

Separately Monday Toyota Motor Corporation (NYSE:) Corp announced that it will suspend its factory operations in Japan following a cyberattack on a supplier for electronic parts and plastic parts.

It was not immediately clear who or what the motive was for the attack. This attack came just days after Japan joined Western allies in putting pressure on Russia following the invasion of Ukraine. However, it wasn’t clear whether it was related.

Japanese officials stated they would look into whether Russia is involved.