CNH Industrial has announced that it’s ending support of its business activities in Russia.
The company had suspended supplying the market in March 2022, when Russia invaded Ukraine.
Prior to the announcement, the company had maintained paying employee salaries and administrative expenses related to its corporate office in Moscow.
The Moscow office managed the import and distribution of its products in Russia, regional business activities, and commercial financing, and included manufacturing sites for agricultural equipment and implements and construction equipment, and a parts depot.
The sites employed approximately 200 employees.