16
May
12:06
Russia nationalises Renault assets, revives Moskvich brand
The Russian assets of the Renault Group are passing into Russian state ownership, with the signing of the relevant agreements having taken place, says the Russian Ministry of Industry and Trade.
In March, Renault suspended operations in Russia following the levying of Western sanctions due to the Russian invasion of Ukraine (see Kallanish passim).
As a result of the ownership transfer, 100% of shares in Renault Russia will be owned by the Moscow government, while…
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Anonymous
Very good overview of the weekly steel market.
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