"Following an in-depth review of the eighth and ninth rounds of European sanctions banning the provision of engineering services to Russian companies, the group is announcing that it is halting its operations in Russia," the statement said.
It is noted that from January 8, the company suspends the contract with the Russian shipbuilding complex Zvezda.
On December 19, 2022, the Hyundai plant in St. Petersburg decided to reduce the staff due to the ongoing suspension of production processes.