Volvo Suspends Russian Tank Project

April 8, 2014

Volvo has reconsidered a February 2013 agreement it made with Russia’s state-owned Uralvagonzavod to build an armored infantry fighting vehicle, according to a report from The Local. The company cites the Ukraine crisis as the reason for suspending the project.

Renault Trucks Defense, owned by Volvo, would supply a motor for the vehicle and the vehicle would thus need approval from Stockholm. 

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Source: The Local