International Link

Renault sells its stake in Moscow plant

Following pressure on it to follow other major western companies in withdrawing business from Russia following its invasion of Ukraine, French carmaker Renault has announced the company is to cede its 68% stake in the biggest Russian vehicle manufacturer, AvtoVAZ, but with an option to buy it back within six years.

Reading articles is for subscribers only. Login

The Moscow city government is to take over a factory belonging to the French carmaker Renault and use it to revive the Soviet-era Moskvitch in Russia’s first major nationalisation of a foreign company during its war in Ukraine, reports The Guardian.

1€ for 15 days

Can be canceled online at any time

I subscribe

Only our readers can buy us

Support a 100% independent newspaper: without subsidies, without advertising, without shareholders

Get your information from a trusted source

Get exclusive access to revelations from an investigative journal

Already subscribed ?

Forgot password ?

#FREEMORTAZA

Since January 7, 2023 our colleague and friend Mortaza Behboudi has been imprisoned in Afghanistan, in the Taliban prisons.

We do not forget him and call for his release.

Learn more about #FREEMORTAZA

Today on Mediapart

See Journal’s homepage

#FREEMORTAZA

Since January 7, 2023 our colleague and friend Mortaza Behboudi has been imprisoned in Afghanistan, in the Taliban prisons.

We do not forget him and call for his release.

Learn more about #FREEMORTAZA