A month after suspending its activity in Russia, where it employs 45,000 people, Renault is planning its exit.
Its three factories are at a standstill: that of Renault near Moscow and the two sites of AvtoVAZ, manufacturer of Lada, of which Renault owns 68%.
For more than a month, the manufacturer no longer sells vehicles, has no future in the country that is at war with Ukraine, but it continues to pay employees.
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Russian Trade Minister Denis Mantourov has lifted the veil on the terms of Renault's withdrawal.
He gave Russian press agencies the identity of the buyer from Renault in AvtoVAZ, which the group shares with the military-industrial conglomerate Rostec.
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Departure from Russia: French companies at an impasse
The French manufacturer will sell it for a symbolic ruble to Nami, a research institute dedicated to auto construction based in Moscow.
A surprising choice.
How can a research center operate car factories?
But Nami knows how to make prototypes.
He designed and developed the sedan…
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