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Renault's assets in Russia are now state property

2022-05-16T06:13:50.353Z


The move comes as the French automaker pulled out of Russia in March 2022 after invading Ukraine in late February.


Renault's assets in Russia are now owned by the Russian state, the Russian Ministry of Industry and Trade announced on Monday, after the French automaker pulled out following the invasion of Ukraine.

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Read alsoRenault: the group's plan to leave Russia

Agreements have been signed for a transfer of Russian assets from the Renault group to the Russian Federation and the Moscow government

,” the ministry said in a statement.

Source: lefigaro

All news articles on 2022-05-16

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