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Daimler is stepping up its interest in opening a factory in Russia with reports suggesting that the German conglomerate has applied with the city of St. Petersburg to build a factory nearby.

Additionally, Daimler is said to be investigating the possibility of a car plant in Moscow with the St. Petersburg bid currently being considered by a municipal investment committee.

Understandably, Daimler was quick to shoot down suggestions that a Russian factory is a done deal by saying, “There are no decisions at this point about the start of local production of Mercedes-Benz passenger cars in Russia.”

If Daimler were to create a Russian factory, it would go against the recent trend of marque’s abandoning the European superpower due to the declining value of the ruble.

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