Currently reading: Mazda to sell Russian business to joint-venture partner
Russian firm Sollers will buy the Japanese company's Vladivostok manufacturing capacity for a nominal fee

Mazda will sell for a nominal fee its half of the joint venture that manufactures cars in eastern Russia, partner company Sollers has confirmed.

The deal, worth €1, has a buy-back clause enabling the Japanese company to re-enter the joint venture within three years.

This mirrors moves made by Ford, Nissan and Renault – Ford having also partnered with Sollers – to effectively pause their business in Russia following the state's invasion of Ukraine.

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