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 (~$ ...

Chinese automakers such as Chery and Geely sold more than a million cars in Russia last year, prompting Moscow to increase import duties.

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 ...

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 ...

Vietnamese Culture Week has been held at Patrice Lumumba Peoples Friendship University of Russia (RUDN) in Moscow to ...

Avtovaz Maxim Sokolov, CEO of Russian state-owned carmaker AvtoVAZ, said last year that the influx of Chinese cars posed "a real threat to the sustainable existence of the domestic automotive and ...