American corporation Boeing has stopped activities in Russia, joining a growing list of foreign companies, including electric vehicles producers, suspending work with the Kremlin over its invasion of Ukraine.

“We have suspended major operations in Moscow and temporarily closed our office in Kyiv,” a Boeing spokesperson tells Kallanish. “We are also suspending parts, maintenance and technical support services for Russian airlines. As the conflict continues, our teams are focused on ensuring the safety of our teammates in the region.”

US giant carmaker Ford says the invasion of Ukraine and the resultant threats to peace and stability have compelled the company to reassess its operations in Russia.  

“In recent years, Ford has significantly wound down its Russian operations, which now focus exclusively on commercial van manufacturing and Russian sales through a minority interest in the Sollers Ford joint venture,” says the statements. “Given the situation, we have informed our JV partners that we are suspending our operations in Russia, effective immediately, until further notice.”

American auto concern General Motors decided to suspend the export of cars to Russia and new wholesale sales to dealers until further notice.

Jaguar Land Rover also has stopped deliveries of cars to the Russian market.

The German company Bosch, which is the world's leading supplier of spare parts for the automotive industry, has stopped deliveries of parts to Russia, which will hit the shipments of semiconductors.

German carmaker BMW has suspended the production of cars at the Avtotor plant in Kaliningrad and halted deliveries of the brand's cars to the Russian market.

“Due to the current geopolitical situation, we are discontinuing our local production in Russia and exports to the Russian market,” the enterprise tells to Kallanish.

Swedish auto manufacturer Volvo confirmed that it is halting all operations in Russia, including production and sales, due to the developing situation in Ukraine.

“Considering the potential risks associated with trading material with Russia, including the sanctions imposed by the EU and US, Volvo Cars will not deliver any cars to the Russian market until further notice,” it noted.

According to market participants, stocks of spare parts for the automotive industry in Russia will last for 1-2 weeks, after which there will be a shortage in the country, observes Russian analytical agency Autostat.