Ssangyong suspends car exports to Russia on weak rouble

Seoul

SOUTH Korea's Ssangyong Motor said that it has suspended vehicle shipments to major export market Russia since January, the latest global carmaker to see demand hit by the plunging rouble and a prolonged economic slump.

South Korea's fourth-largest carmaker, owned by Indian carmaker Mahindra and Mahindra, has no plans to resume shipments to Russia until the rouble stabilises, and will boost sales to Europe and China instead, a spokesman added.