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Renault is leaving Russia: why the automaker is playing big

2022-05-16T18:50:14.916Z

The group announced on Monday to sell its 2.2 billion euros of assets in Russia for... a symbolic rouble! Financially, the operation



Bad news for Renault.

The group, leader in Russia with the Lada brand, which it had managed to turn around, confirmed on Monday that it was selling its assets to the Russian state.

This is the first major nationalization since the Russian offensive in Ukraine, which took place at the end of February.

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Source: leparis

All business articles on 2022-05-16

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