Currently reading: Volvo suspends sales in Russia, citing trading sanctions

Swedish company is the first international car maker to halt Russian sales

Volvo has suspended shipments of cars and heavy goods vehicles (HGVs) to Russia in the wake of the country's invasion of Ukraine.

In a statement seen by Reuters, the Swedish manufacturer cited the "potential risks associated with trading material with Russia, including the sanctions imposed by the EU and US" as a factor in the decision.

It is the first international car manufacturer to stop sales in Russia in light of the ongoing conflict in Ukraine - and the trading sanctions imposed on Russia by a number of other countries as a result.

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