Honda will stop exporting cars, motorcycles and other products to Russia, and Mazda will suspend exports of auto parts to its plant in the country, Report informs referring to Nikkei.
As more companies announce their adherence to economic sanctions against Russia that have been imposed by the US, Europe, and Japan, the business environment in the target nation is rapidly deteriorating, its currency is fast losing value and its logistics network becoming fragmented.
In Japan, corporate moves to reconsider doing business in Russia are gaining momentum.
