International
Toyota shuts Russian factory due to supply chain problems
AFP
Toyota announced Friday it was closing its assembly line near Saint Petersburg, in a new example of supply chain problems dogging firms operating in the sanctions-hit country.
The industrial site spanning over 224 hectares (554 acres) suspended production in March, shortly after the start of Russia’s military operation in Ukraine.
“Toyota has decided to stop production at the Toyota Motor plant in Saint Petersburg,” the company said in a statement.
“After six months at a standstill, the company does not see a realistic possibility of restarting production in the future.”
The Japanese carmaker was forced to close the plant due to major disruptions in the “supply of electronic parts”, the main business daily Kommersant newspaper said Friday, citing sources in the company.
Russian President Vladimir Putin attended the opening of the site in 2007.
It employed around 2,600 people and produced around 80,000 cars Camry and RAV4 models last year, according to numbers given to AFP in March.
Toyota car sales collapsed by 69 percent in Russia between January and August to 19,000 cars, according to the Association of European Businesses (AEB).
But Russian sales are only a very small fraction of Toyota’s global revenues.
Western sanctions imposed on Russia since the beginning of the Ukraine offensive have heavily disrupted supply chains.
The technology and car manufacturing sector were particularly affected.
International
Putin calls U.S.-Russia summit a “mistake” without guaranteed results
Russian President Vladimir Putin stated on Wednesday that holding a summit with U.S. President Donald Trump would be a “mistake” without certainty of concrete results, following the cancellation of the planned meeting in Budapest.
“Without a doubt, such a meeting must be well-prepared. For me and the U.S. president, it would be a mistake to treat it lightly and come out of that meeting without the expected outcome,” Putin told local media from the Kremlin.
The Russian leader said the initiative for the summit came from the U.S. side and that he had accepted the proposal. “In our last phone conversation, both the meeting and its location were proposed by the U.S. side. I agreed,” he said.
Putin added that Moscow continues to support dialogue, even in the current context. However, he admitted uncertainty about whether a meeting with Trump could take place later. “Now I see that, in his statement, the U.S. president has decided to cancel or postpone the meeting. Most likely, it is a postponement, since dialogue is always better than confrontation, disputes, or especially war,” he emphasized.
Russian Foreign Ministry spokesperson Maria Zakharova reaffirmed that Moscow does not consider a resolution to the conflict in Ukraine that does not meet its original demands. “We see no alternative other than achieving the objectives of the special military operation,” Zakharova stated.
Among the conditions Russia has set for resuming dialogue with Washington and other international actors are: ensuring Ukraine’s neutral and non-aligned status, its demilitarization, the removal of elements considered “Nazis,” full respect for the rights of Russian-speaking populations, and unrestricted operation of the Ukrainian Orthodox Church.
International
Colombia ready to replace suspended U.S. support, President Petro asserts
Colombian President Gustavo Petro downplayed on Thursday the impact of U.S. President Donald Trump’s decision to suspend all economic aid to the country, asserting that the measure “changes nothing” structurally, although he acknowledged potential effects on military resources.
“What happens if they take away our aid? In my opinion, nothing (…) I have never seen a single dollar of aid in Colombia’s budget,” Petro said during a press conference at the Casa de Nariño, a day after Trump publicly announced the suspension of all payments and subsidies to Colombia.
The Colombian leader explained that U.S. funds are not allocated directly to the government but rather to organizations linked to the now-defunct USAID. “U.S. aid is not for the government; it is for the NGOs managed by USAID, that is, for themselves,” he argued.
Petro also questioned the effectiveness of this cooperation, stating that Washington’s decades-long anti-drug strategy has failed by focusing on forced eradication of illicit crops, which, according to him, has perpetuated violence in Colombia. “They have condemned us to violence,” he asserted.
Although he acknowledged that the suspension could create difficulties in the military sector—such as the withdrawal of combat helicopters and limitations in arms supply—he assured that his government is prepared to replace that support with the national budget. “Colombia buys its own weapons,” he emphasized.
International
Cristina Fernández calls Argentina’s legislative elections “decisive” to stop Milei
Former Argentine President Cristina Fernández (2007–2015) described this Thursday as “decisive” the legislative elections taking place this Sunday in Argentina, urging voters to support Peronism as a way to put a “brake” on Javier Milei’s government.
“The brake on Milei starts this Sunday, but the work continues the next day to think about how to get Argentina out of the disaster this government will leave. This October 26 is Milei and permanent austerity, or Argentina, our common home,” Fernández said in a recorded message from her Buenos Aires residence, where she is serving a six-year prison sentence for irregularities in the awarding of road construction contracts during her presidency.
Fernández emphasized that the elections are not only about choosing deputies and senators but also represent “a great democratic opportunity” to “set limits on Milei’s mismanagement.”
“The libertarian experiment has failed, and everyone knows it. People cannot make ends meet, they have to go into debt to pay for electricity, buy food, or medicine,” she added.
The former president also criticized the government for changing the voting system “without proper training, putting transparency at risk,” referring to the introduction of the Single Paper Ballot, which lists all candidates, offices, and political parties on a single sheet.
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