UK welcomes Jaguar Land Rover decision to pause Russia exports

Business secretary Kwasi Kwarteng says firms are joining in push to isolate MoscowRussia-Ukraine crisis: live newsCould Putin be looking at crypto to bypass sanctions?Jim O’Neill: Putin’s errors could change global financeThe UK government has said Jaguar Land Rover’s decision to suspend exports to Russia will help to isolate the country’s economy, after Britain’s largest carmaker said it would pause deliveries.JLR is owned by India’s Tata but builds most of its cars in the UK. It said on Monday night it would pause deliveries to Russia because of “trading challenges” related to the “current global context”, without mentioning Russia’s invasion of Ukraine explicitly. Continue reading…

Business secretary Kwasi Kwarteng says firms are joining in push to isolate Moscow

The UK government has said Jaguar Land Rover’s decision to suspend exports to Russia will help to isolate the country’s economy, after Britain’s largest carmaker said it would pause deliveries.

JLR is owned by India’s Tata but builds most of its cars in the UK. It said on Monday night it would pause deliveries to Russia because of “trading challenges” related to the “current global context”, without mentioning Russia’s invasion of Ukraine explicitly.

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