By John Meyer, consultant in business – Eurasia Business News, November 3, 2025. Article no. 1875
Japan’s Mazda Motor has lost the right to repurchase its 50% stake in a car-manufacturing joint venture in Vladivostok, Russia, effectively forfeiting its option to reclaim assets it sold to its former Russian partner, Sollers, in October 2022.
Mazda had sold its stake for a symbolic one euro after Moscow’s invasion of Ukraine, with an agreement to buy it back within three years. However, this option expired in October 2025 without Mazda making any formal proposal to exercise it.
Sollers indicated that there is currently no need or interest in Mazda’s repurchase under the existing conditions. The Vladivostok plant, initially producing Mazda vehicles, was repurposed by Sollers in 2023 to manufacture buses using Chinese components.
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Mazda is the first major foreign automaker to lose such buyback rights in Russia, signaling a firming of Kremlin control over assets previously owned by foreign companies and diminishing prospects for these companies’ return to the Russian market.
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© Copyright 2025 – Eurasia Business News. Article no. 1875
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