VW will not be returning to Russia

German automaker Volkswagen has announced that it will not be returning to Russia, despite the country's recent annexation of Crimea.

The company said in a statement that it had made the decision after "carefully considering the current situation in Russia." Volkswagen had suspended its operations in Russia in March 2022, following the outbreak of the war in Ukraine.

The company's decision is a blow to the Russian economy, which has been struggling since the annexation of Crimea. Volkswagen is one of the world's largest automakers, and its departure from Russia will likely have a significant impact on the country's automotive industry.

The decision is also a sign of the increasing isolation of Russia from the global economy. Since the annexation of Crimea, Russia has been subject to a number of sanctions from the United States and the European Union. These sanctions have made it difficult for Russian companies to do business with foreign partners, and have led to a sharp decline in foreign investment in Russia.

Volkswagen's decision is likely to be followed by other foreign companies. The Russian economy is expected to continue to struggle in the coming years, and foreign companies are increasingly reluctant to invest in the country.