It was suggested in Russia that if the financial sanctions of the international community against Russ ..

It was proposed in Russia that if the international community’s economic sanctions against Russia are abolished, South Korean carmakers will be the first to return to the Russian market in the car sector.

According to TAS News Agency the 4th (local time), Maxim Kadakov, editor -in -chief of Russian car magazine Jarulyom, “assuming the United States suddenly lifts all sanctions, South Korea will immediately allow companies to trade in Russia.”

“The Koreans will be the first to come in,” he said. “If sanctions are lifted and positive signs are received, Hyundai Motor and Kia will start selling cars six months earlier.” “Japan will be followed by European brands,” he added.

When Russia negotiates the end of the war with the United States, the expectations of sanctions can be lifted and the interest in returning Korean cars to the market has also risen in Russia.

Earlier in Russia, after Western sanctions began in February 2022 due to Russia’s “Special Military Operation” in Ukraine, global companies withdrew after another. In the car market, Hyundai Motor sold its factories and retired in December 2023 after us, European and Japanese companies.

At that time, Hyundai sold assets like St. The Petersburg plant for a local company, Art Finance, for 10,000 rubles (about 140,000 won at the time), but set a repurchase condition to revive the plant within two years. This option must be exercised within the year to repurchase the plant. Hyundai Motor has not yet made a relevant position.

Before the sanctions, Kia and Hyundai Motor established their position by ranking first and second best -selling foreign cars in Russia, but now Chinese car brands are sweeping the vacant position.

Editor -in -chief Kadakov also suggested that recurring companies could have difficulty recovering the market because Russian consumers were forced to buy Chinese cars while Western car manufacturers left, but Chinese cars were also worth using.

In addition, auto expert Igor Morzaretto predicted that “no one will return as long as sanctions are maintained,” and that “if the promise, Toyota, Hyundai and Volkswagen return.”

Russian Daily Izvestya reported that at least 10 brands will enter the Russian car market this year and that KGM (kg of mobility) is planning to sell three types of crossover, Tivoli, Korando and Torres, soon.

A new Russian car brand Tenet is expected to be produced at Volkswagen’s old factory, and Xiaomi’s electric vehicles will also be delivered, Izvestya said.