Volkswagen's Spanish division SEAT is expected to stop selling its cars in Russia due to weak sales following economic downturn and its impact on local currency.
Apart from other industries, cars have been hit badly due to the economic slump and drop of oil prices in Ukraine has also triggered Volkswagen's move.
According to reports, sales were down by 10% year-on-year in October and 13% in the first ten months of 2014.
According to Association of European Businesses lobby group, SEAT sales in October stood at just 78 units and the company was only able to sell 1,324 units in the past 10-month.
Reuters reported a Volkswagen spokesman saying: "The SEAT brand is stopping sales of new cars in Russia from January 1, 2015, due to the contraction of sectors in which it is represented, the general economic situation in Russia and currency rate fluctuations."
