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The international community must strengthen sanctions on Russia to curb its assault on Ukraine and on the international order. Here's how.
Most European, Japanese and South Korean carmakers suspended production and gradually left the Russian market following Russia's February 2022 invasion of Ukraine, taking technology, know-how and access to parts with them. Putin said car prices had risen by about 40%, without specifying a period, blaming this on low production and domestic carmakers' increased costs as they import components.
Commerce and Industry Minister Piyush Goyal said in a strong message on Tuesday that the car industry should avoid importing components if the exporti