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People queue outside a branch of Russian state-owned bank Sberbank to withdraw their savings and close their accounts in Prague on February 25, 2022, before Sberbank will close all its branches in the Czech Republic later in the day. - US President Biden was the first to announce sanctions, hours after Russian President Putin declared a "military operation" into Ukraine. The first tranche will hit four Russian banks -- including the country's two largest, Sberbank and VTB Bank -- cut off more than half of Russia's technology imports, and target several of the country's oligarchs. (Photo by Michal Cizek / AFP) (Photo by MICHAL CIZEK/AFP via Getty Images)
Russian oligarchs call for end to Putin's war
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People queue outside a branch of Russian state-owned bank Sberbank to withdraw their savings and close their accounts in Prague on February 25, 2022, before Sberbank will close all its branches in the Czech Republic later in the day. - US President Biden was the first to announce sanctions, hours after Russian President Putin declared a "military operation" into Ukraine. The first tranche will hit four Russian banks -- including the country's two largest, Sberbank and VTB Bank -- cut off more than half of Russia's technology imports, and target several of the country's oligarchs. (Photo by Michal Cizek / AFP) (Photo by MICHAL CIZEK/AFP via Getty Images)
Russian oligarchs call for end to Putin's war
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FILE PHOTO: Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Dave Sanders/Pool via REUTERS/File Photo
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--FILE--Zhong Shanshan, Chairman of Nongfu Spring Co., Ltd., delivers a speech at a press conference in Beijing, China, May 6, 2013. Shares of Chinese bottled water giant Nongfu Spring surged more than 85% in their debut on the Hong Kong stock market. The stock opened at 39.80 Hong Kong dollars per share ($5.14), more than 85% higher than its initial public offering price of 21.50 Hong Kong dollars ($2.77). *** Local Caption *** fachaoshi (Photo by Jiang Xin/ChinaImages/Sipa USA)
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General Motors is joining a host of other companies in cutting off its business with Russia. The Detroit-based automaker announced Friday it is halting all exports to the country which is currently invading neighboring Ukraine.

Cutting off exports to Russia will not be terribly costly to GM, though. GM only sells about 3,000 vehicles a year in Russia through 16 dealer locations there, according to a GM spokesperson. That’s out of more than6 million vehiclesthe company sells annually worldwide. GM currently has no manufacturing facilities in Russia, so most of the vehicles it sells there are imported from US factories, while some are brought in from South Korea.

Russian President Vladimir Putin attends a meeting with his Azerbaijani counterpart at the Kremlin in Moscow on February 22, 2022.
Russian President Vladimir Putin attends a meeting with his Azerbaijani counterpart at the Kremlin in Moscow on February 22, 2022.
Mikhail Klimentyev/Sputnik/AFP/Getty Images

Related article The list of global sanctions on Russia for the war in Ukraine

“GM is committed to complying with the laws and regulations of the markets in which we do business, including applicable US economic sanctions and export control laws and regulations,” the company said in a statement.

GM operates a national sales company for Russia and other former Soviet nations. The automaker said it is halting exports to Russia “until further notice.”

In terms of its own supplies of parts, GM said it has “limited supply chain exposure” and has been working to minimize any potential disruptions to its own parts supplies.

“We continue to monitor developments and take action to implement mitigation strategies as appropriate,” GM said in a statement.