Moscow acquired Russian assets in French car company Renault.
Renault confirmed its withdrawal from the Russian market and its relinquishment of its assets in Lada.
And “Renault” confirmed in late March that it had suspended “the activities of the Renault plant in Moscow”, and was assessing “possible options regarding its stake” in its Russian subsidiary AvtoVaz.
This plant produces Duster, Captur, Arkana and Nissan Terrano models.
But the largest presence of the French group in Russia passes through its subsidiary “AvtoVaz” through which “Renault” sold in 2021 nearly half a million cars in Russia, the second largest market for the French group following Europe.
