Mercedes-Benz Says Russian Nationalization Could Threaten $2.2 Billion in Assets

Mercedes-Benz Says Russian Nationalization Could Threaten $2.2 Billion in Assets
The logo of Daimler's Mercedes-Benz luxury-car division is pictured on the roof of a building in Moscow, Russia, on April 5, 2016. Maxim Shemetov/Reuters
Reuters
Updated:

LONDON—Mercedes-Benz has 2 billion euros ($2.2 billion) in assets that could be threatened by Russian proposals to nationalize the property of foreign firms that leave because of its invasion of Ukraine, the German premium carmaker said.

The company said in its annual report released on Friday that the war in Ukraine raised a range of risks from disruptions to parts to energy supply or even cyber attacks.