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Volvo expands in Russia amidst downturn

Volvo Group's new facility to produce cabs for Volvo and Renault trucks in Russia comes on stream in the midst of slowing economic conditions

The automotive market in Russia has been on a decline for months due to various factors. At the head of this list is the tension between Russia and the Ukraine over the Crimea region, which resulted in sanctions against the former by the US and the EU. This has had a depressive effect on the country's automotive market, which had already been struggling with the slowing of the Russian economy.

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