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Russia Bought Renault’s Plants For 1 Cent, Now Wants $1.3 Billion To Sell Back
According to Sokolov, NAMI has invested huge sums of money into AvtoVAZ since Renault’s withdrawal. Speaking to Russian news agency TASS, Sokolov said that approximately 27.5 billion rubles (~$ ...
China is selling loads of cars in Russia — and Moscow is not too happy
Chinese automakers such as Chery and Geely sold more than a million cars in Russia last year, prompting Moscow to increase ...
Business Insider26d
Russia is using the French carmaker Renault to teach Western companies a lesson about leaving its market
In the case of Renault, Maxim Sokolov, the CEO of Avtovaz, said the company and the Russian state had invested 112.5 billion rubles in the business since its exit through 2025. "It is clear that ...
Reuters29d
Renault's Russia buyback to cost at least $1.3 billion, says Russia's Avtovaz
an increase of 30.2% from the year before and more than double the nearly 190,000 sales in 2022 when sanctions and the exodus of foreign carmakers hit Russia's auto market hard. Sokolov did not ...
Radio Free Europe/Radio Liberty21d
Ukraine Alleges 150,000 Possible Russian War Crimes. Here Are 5 Of The Worst
Last March, the Hague court issued the second set of arrest warrants against Russian officials -- Lieutenant General Sergei Kobylash and Admiral Viktor Sokolov – accusing them of war crimes for ...
TASS2mon
Scholz could make unexpected steps in relations with Russia amid German crisis — analyst
German Chancellor Olaf Scholz could take decisive steps in relations with Russia and travel to Moscow as the country is heading toward a snap parliamentary election, said Artyom Sokolov ...