Ford is suspending their operations in Russia, effective immediately, the company announced Tuesday. The motor company has a 50% stake in Ford Sollers, a joint venture between the American automaker and Russian company Sollers.
“Given the situation, we have today informed our JV partners that we are suspending our operations in Russia, effective immediately, until further notice,” the company said in their statement.
The announcement comes after Ford said earlier today they were “deeply concerned about the situation in Ukraine” but did not go so far as to stop operations in the three Russian cities where the company has plants: St. Petersburg, Elabuga and Naberezhnye Chelny.
“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,” the statement said.
The company notes they have “significantly wound down” their Russian operations in recent years — but the joint venture employs at least 4,000 people. And the three plants together produce the Ford Focus, Ford EcoSport, and Ford Transit, Kuga, Explorer, S-MAX and Galaxy, according to Ford's website.
Ford says they are making a $100,000 donation to the Global Giving Ukraine Relief Fund, for Ukrainians and their families who have been displaced during the invasion.