Volvo Cars introduced on Monday that it could not be delivery autos to Russia in protest of the nation’s invasion of Ukraine.

The Swedish firm mentioned in a press release that there have been “potential dangers related” with delivery to Russia presently, noting that a number of nations together with the US and the European Union had imposed sanctions, Reuters reported.

“Volvo Vehicles is not going to ship any vehicles to the Russian market till additional discover,” Volvo mentioned within the assertion.

LOCAL BUSINESSES CLEAR SHELVES OF RUSSIAN VODKA IN PROTEST OF INVASION

A spokesman from the corporate advised the outlet that Volvo sends autos to Russia from vehicle crops situated within the U.S., China, and Sweden. In 2021 alone, Volvo bought greater than 9,000 vehicles to Russia, a 13.2% enhance from the 12 months earlier than, in accordance with Autostat.

President Joe Biden revealed Thursday that the U.S. could be imposing extra sanctions towards Russia in mild of the full-scale invasion launched towards Ukraine.

“We have now sanctioned Russian banks that collectively maintain round $1 trillion in belongings. We have minimize off Russia’s largest financial institution, a financial institution that holds greater than one-third of Russia’s banking belongings by itself. We have minimize it off from the U.S. monetary system,” mentioned Biden throughout a press convention Thursday. “And as we speak, we’re additionally blocking 4 extra main banks. Meaning each asset they’ve in America shall be frozen. This consists of VTB, the second-largest financial institution in Russia, which has $250 billion in belongings.”

British Prime Minister Boris Johnson introduced comparable sanctions aimed toward Russia.

The White Home introduced on Friday that it could be becoming a member of European allies in instantly making use of sanctions towards Russian President Vladimir Putin and prime officers from his nationwide safety staff. Biden additionally approved a whole lot of thousands and thousands of {dollars} in army help to go to Ukraine.

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Volkswagen additionally introduced on Monday that it could be quickly ending shipments of vehicles to Russia. Daimler Truck, which cut up into two corporations, Daimler Truck and Mercedes-Benz Group AG, additionally mentioned on Monday that it could not be sending shipments of truck parts to Russia.

The Washington Examiner reached out to Volvo Vehicles for a press release however didn’t instantly obtain a response.