Ukraine Crisis "Burden" on VW's Russian Operations, CFO Says

Newswire

BERLIN, March 13 (Reuters) - Volkswagen's operations in Russia are grappling with effects from the crisis in the Ukraine, finance chief Hans-Dieter Poetsch said. Repercussions of the situation in the Ukraine are placing a "clear burden" on VW's Russia business, Poetsch said at a press conference on Thursday. Related currency volatility is "extreme" and very difficult to hedge, he said. Chief Executive Martin Winterkorn said VW would focus more strongly on its U.S. ...

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