World NewsRussia announces nationalization of Renault corporate assets

Russia announces nationalization of Renault corporate assets

Russia has since declared national ownership of Renault's assets operating in Russia.

Moscow: Car manufacturers operating in Russia also stopped production due to the Ukraine war.

Western nations have imposed sanctions on Russia in protest of Russia’s invasion of Ukraine.

Car manufacturers operating in Russia also stopped production. French carmaker Renault has left Russia.

Russia has since declared national ownership of Renault’s assets operating in Russia.

Russia, which has invaded Ukraine, withdrew yesterday from an attack on the country’s Kharkiv city.


Read Also | Russia’s next step in Ukraine war say UK intelligence


Ukraine has thus resumed fuel supplies from the city of Kharkiv.

2 war-damaged distribution stations have been repaired and more than 3,000 customers are being refueled.

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