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16 May
12:11

Russia eyes EV output with Renault assets in future

The Russian assets of the Renault Group are passing into Russian state ownership and the signing of the relevant agreements has 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 transactions, the shares in the assets will be distributed as follows: 100% of the shares of Renault Ru…
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