Ukraine - Mercedes-Benz plans to sell its Russian holdings.

According to a statement made on Wednesday by the Russian ministry of industry and commerce, German automaker Mercedes-Benz is anticipated to sell its Russian assets to a local investor.

The most recent automaker to leave Russia since Moscow sent soldiers to Ukraine is Mercedes-Benz.

The ministry announced on Telegram that "Mercedes-Benz aims to sell its stakes in Russian companies to a local investor."

AFP