4 Jul 2022 16:53

Manturov: There is a list of partners ready to participate in various formats in Russian auto enterprises

YEKATERINBURG. July 4 (Interfax) - A number of foreign partners are ready to participate in Russian auto enterprises in various formats, Industry and Trade Minister Denis Manturov said at the plenary session of the Innoprom 2022 exhibition.

"I cannot accurately predict the final decisions of our foreign partners. However, I can say that we do have backup plans and decisions in mind for each [automotive industry] enterprise located in our country of course. This does not mean that we intend to force someone there; however, we cannot wait indefinitely until the headquarters of our partners take decisions on whether to maintain [manufacturing] or leave our market," the minister said.

According to Manturov, the Industry and Trade Ministry has worked out plans with partners from "friendly" countries for Russian auto enterprises.

"There is a group of partners that is ready to enter in different formats, jointly as well as providing technological kits and auto-manufacturing technologies. Meantime, it is fundamentally important for us today to ensure incremental localization and our own expertise in components and assemblies," the minister added.