Foreign banks block AvtoVAZ payments due to US sanctions

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After the USA was included in the sanctions list, banks of friendly and enemy countries began to block payments to the Russian company AvtoVAZ. The president of the company, Maxim Sokolov, stated this at the hearing in the Federation Council of the Russian Federation. Interfax.

According to him, due to the introduction of American restrictions, foreign partners began to largely refuse to cooperate with AvtoVAZ. Some foreign suppliers and sub-suppliers, as well as financial institutions, made relevant decisions.

“Therefore, when it comes to export products, foreign banks block payments to both us and AvtoVAZ. <…> “Taking into account the risk of secondary sanctions from almost all foreign banks,” Sokolov explained.

At the same time he mercenary Please note that the company plans to start mass production of Lada Largus electric cars in the first half of 2024. At the same time, the production of the pilot series of these models, which will consist of approximately 30 vehicles, is expected to start in mid-December.

The president of the company announced that Lada Largus is a commercial vehicle. However, these cars will not go to dealers, they will be transferred to infrastructures.

On September 14, information appeared on the website of the US Department of Justice, based on information provided by the American government. extended List of sanctions against Russia. The restrictions affected 20 individuals and more than 100 legal entities, including AvtoVAZ and Moskvich.

Previously Sokolov stated About a possible reduction in the production of Lada cars due to sanctions.

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