Federal Minister Peter Altmaier (CDU) and Daimler chief Dieter Zetsche opened in Russia of a new car factory, the first of the German car manufacturer in the country. 1,000 new jobs are to be created in the vicinity of Moscow. Zetsche President Vladimir Putin, who took part in the opening part, thanked for the support: “Mercedes-Benz believes in Russia”, said Zetsche.

Germany has imposed, like all European countries, after the illegal annexation of the Ukrainian island of Crimea by Russia sanctions. Altmaier said at the factory opening, it is going to force Russia economically into the knees. A successful Russia is in Germany’s interest. Altmaier is for the third Time in Russia since he took office a year ago.

There is a large development potential for the German-Russian cooperation, said the CDU politician. “We want to develop in the interests of people on both sides, in both countries, the potential, and the automotive industry.” He expected that the trade between the two countries will grow this year and next year, the Minister said.

The new plant, which cost more than 250 million Euro, is intended to be an incentive for German and other foreign investors, in spite of all the risks in the Russian market. Volkswagen produced a long time in Russia. BMW makes vehicles here to fit.

Russia is a growth market

The German brands enjoy, when Russians have a good reputation. Although the group already makes trucks and Vans produce in Russia, but no Cars. So far, every single car had to be imported. That should change now. Those cars sold Daimler the most common in Russia, are in future to run directly here from the Band, 25,000 pieces per year. The so-called localization strategy is a common practice among car manufacturers in other regions of the world. This procedure is designed to make, among other things, regardless of customs duties and trade issues.

Russia is an important market for the Swabian car manufacturer. Mercedes is here for years as the strongest premium brand. 37.788 vehicles sold, the Stuttgart 2018, three per cent more than in 2017. Also for this year, the Swabians expect a slight Plus for the entire market, while the business is stagnating in Europe.