Japan automakers join global firms in stopping production, exports to Russia

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Japan automakers join global firms in stopping production, exports to Russia
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Top Japanese automakers including Toyota were forced to halt production in Russia as Western sanctions that followed its invasion of Ukraine scrambled logistics and cut supply chains, deepening the country's economic isolation.

Maersk said on Wednesday that shipments of foodstuffs and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs.Western sanctions, including shutting out some Russian banks from the SWIFT global financial network, have led dozens of global companies to stop exports and pause operations in the country, hammered the rouble and forced the central bank to jack up interest rates.

Amazon.com Inc said on Wednesday it is using its logistics capability to get supplies to those in need and cybersecurity expertise to help governments and companies as part of its support for Ukraine.

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