Porsche Suspends Exports in Russia

The Volkswagen Group, one of the brands of which is Porsche, hopes that the resolution of the conflict will return to the diplomatic framework and this will be done on the basis of international law.

As a response to the Russia's invasion of Ukraine, Porsche left the Russian market. The company officially declared on this matter.

"We do hope for a cessation of hostilities and a return to diplomacy and is convinced that a sustainable solution to the conflict can only be found under the auspices of international law. In everything that Porsche does, the safety and wellbeing of people are paramount. The degree of impact on business activities is continuously being determined by a task force of experts."

The decision came into force immediately - Porsche stopped exporting cars to Russia.

"We are deeply saddened by the events in Ukraine. Many people need urgent aid through no fault of their own. We are therefore contributing and supporting organisations that help the population on the ground.”, Ukraine Porsche CEO Oliver Blume declared.