Renault To Sell Russian Assets For One Ruble

In an attempt to navigate the new economic realities after Russia's military campaign in Ukraine, Renault has decided to sell its Russian assets for just one Ruble.

The Russian Trade Ministry said on Wednesday that Renault plans to sell its stake in Russia's Avtovaz for a symbolic price of one ruble.

Renault will hand over a 68% ownership to NAMI Russia, the auto research institute best renowned for inventing the Aurus Senat, Russia's first luxury vehicle, which is presently driven by...

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