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15 Dec
13:02

US sanctions Russian EV manufacturer Motorinvest

The US Treasury Department has included Russia’s automotive company Motorinvest in its sanctions list (SDN List) claiming connections with Russia’s military-industrial base, Kallanish notes. The Lipetsk-based enterprise manufactures electric vehicles under its brand Evolute, which in turn is the official distributor of Chinese automobile brands Voyah, Dongfeng and M -Hero. In addition to the production and sale of cars, the company’s priority is…
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