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Iran, Russia and Turkey mull joint car production: Iran's state media
[AlAhram] Russia, slapped with sanctions by Western nations after invading Ukraine, was reported to have already asked Iran  ...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites....in May to supply it with key components it could no longer access. As sanctions bite, the proposed cooperation on automobile constriction between the three nations could progress rapidly, Najafi-Manesh said. "This idea can be realised very soon," he said. "Manufacturing all the parts of this car... avoiding currency transfers to provide spare parts, and the existence of export markets are among the advantages of such a project." He added that the idea was first floated by ...the only place on the face of the earth that misses the Ottoman Empire... and that Russia was "interested". Iran has also suffered under stringent economic sanctions, reimposed by the United States in 2018 after Washington unilaterally pulled out of a deal with world powers on Iran's nuclear programme. Western carmakers have ventured into Russia to assemble cars over the past two decades as the country's economy expanded. But since Moscow sent troops into Ukraine in February, numerous car makers have stopped sales of their cars or parts to Russia -- including Audi, Honda, Jaguar and Porsche. Makes that have halted Russian production include BMW, Ford, Hyundai, Mercedes, Volkswagen and Volvo. Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black Sea and Caspian Sea respectively. Turkey already exports more than $12 billion worth of automobile spare parts annually, while Iran was ranked the 19th largest automaker in the world in 2021, according to the International Organization of Automobile Manufacturers. Based on OICA data, Iranian automakers produced 894,298 vehicles in 2021, IRNA reported. Posted by: trailing wife 2022-07-05 |
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