Will Renault sell its factories in Russia?

Renault is about to leave Russia. The diamond brand would sell all its shares and its factory in Moscow (Russia) for a symbolic ruble, according to the Russian government. “According to the Russian Minister of Trade, Renault is in negotiations for a sale of shares in its factories in Russia for a symbolic ruble, barely a cent of a euro“, says the journalist Hugues Huet, live from Moscow, Wednesday April 27.

Renault has two factories in Russia, the first having been acquired from the emblematic Russian brand Lada. “The second factory, near Moscow, mainly manufactures Dacia“, adds the journalist, who continues: “[Dans la soirée du mercredi 27 avril], Renault refuses to confirm, but if this news becomes clear, it would be a very heavy loss for the diamond firm. Renault has invested billions there, Russia has become its second market after France.”