Russia Nationalises Local Assets of French Carmaker Renault

May 16, 2022 | EARNINGS

MOSCOW (Sputnik) – The Russian government is taking ownership of Russian assets of French carmaker Renault, including the Renault Russia plant being passed to the Moscow government and shares in Russian vehicle plant AvtoVAZ to a state-run research center, the Russian Ministry of Industry and Trade said on Monday.

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