UK welcomes Jaguar Land Rover decision to pause Russia exports
by Jasper Jolly from on (#5WMRF)
Business secretary Kwasi Kwarteng says firms are joining in push to isolate Moscow
- Russia-Ukraine crisis: live news
- Could Putin be looking at crypto to bypass sanctions?
- Jim O'Neill: Putin's errors could change global finance
The UK government has said Jaguar Land Rover's decision to suspend exports to Russia will help to isolate the country's economy, after Britain's largest carmaker said it would pause deliveries.
JLR is owned by India's Tata but builds most of its cars in the UK. It said on Monday night it would pause deliveries to Russia because of trading challenges" related to the current global context", without mentioning Russia's invasion of Ukraine explicitly.
Continue reading...