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Renault, operations in Russia pass to the state

2022-05-16T06:44:45.535Z

Asset transfer agreements signed (ANSA) The activities of the French car manufacturer Renault in Russia are now owned by the Russian state: the Ministry of Industry and Commerce of Moscow announced in a statement.     The announcement follows Renault's withdrawal from Russia following the invasion of Ukraine.     "Agreements have been signed for the transfer of Russian assets from the Renault group to the Russian Federation and the Mosc



The activities of the French car manufacturer Renault in Russia are now owned by the Russian state: the Ministry of Industry and Commerce of Moscow announced in a statement.


    The announcement follows Renault's withdrawal from Russia following the invasion of Ukraine.


    "Agreements have been signed for the transfer of Russian assets from the Renault group to the Russian Federation and the Moscow government," the ministry said in the statement. 

Source: ansa

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