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Ford suspending JV operations in Russia

Green Car Congress

Ford announced that it is suspending JV operations in Russia, effective immediately, until further notice. As part of the global community, Ford is deeply concerned about the invasion of Ukraine and the resultant threats to peace and stability. The situation has compelled us to reassess our operations in Russia.

Russia 283
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Volkswagen and Toyota stop production of vehicles in Russia

Green Car Congress

Against the background of the Russian attack on Ukraine and the resulting consequences, the Group Board of Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Vehicle exports to Russia will also be stopped with immediate effect.

Russia 284
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Maersk, MSC, ONE suspend cargo bookings to and from Russia

Green Car Congress

Moller – Maersk is temporarily suspending new Maersk bookings within ocean, air and intercontinental rail to and from Russia, with the exception of foodstuffs, medical and humanitarian supplies (bar dual-use items). It is key for Maersk that we minimize supply chain disruption and do not add to the global congestion in ports and depots.

Russia 236
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Loop Energy partnering with METTEM-M on hydrogen electric powertrains for commercial vehicles in Russia; GAZ bus first project

Green Car Congress

a developer of vehicle control systems and systems integrator, to provide hydrogen electric powertrain solutions to commercial vehicle OEMs across Russia, the Commonwealth of Independent States (CIS), and greater Europe. Loop Energy, a developer and manufacturer of hydrogen fuel cell-based solutions, is partnering with METTEM-M Ltd. ,

Russia 418
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Rosatom and EDF Group partner to develop green hydrogen in Russia and Europe

Green Car Congress

Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. Rosatom’s ambition is to produce and to store decarbonized hydrogen, and take part in pilot projects in Russia and across the world.

Russia 338
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EVs are avoiding about 3% of global oil demand—a fifth of Russia's total exports

Green Car Reports

Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. But electric vehicle adoption has been helping make the situation less grim. Plug-in vehicles avoided roughly 1.5

Russia 212
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EIA estimates decrease in global surplus crude oil production capacity in 2022

Green Car Congress

As of May 2022, surplus crude oil production capacity in non-OPEC countries decreased by 80% compared with 2021, according to the US Energy Information Administration’s (EIA) new report Global Surplus Crude Oil Production Capacity. In 2021, 1.4

Oil 259