New Russian sanctions / Renault production stopped

According to reports Trade News Quoted from Euronews، Russia It is one of the largest and most profitable car markets of this French brand.

Despite announcing a shutdown of the production line, Renault said it would consider its stake in Russian carmaker AvtoVAZ. In addition, the Renault-Nissan Group statement does not specify whether the company’s business activities in Russia Will it be suspended or not.

The Renault plant on the outskirts of Moscow produces the Duster chassis model as well as the local Arcana model.

Hours before the announcement, Ukrainian Foreign Minister Dmitry Kolba tweeted accusing Renault of backing a brutal war and calling for international sanctions against the company if it continued to operate in Russia. The request, while France is one of Ukraine’s biggest diplomatic and economic backers and has received large numbers of Ukrainian asylum seekers since the beginning of the Russian military offensive, was met with a major negative reaction on social media.

Renault alone in 2021, 385 thousand vehicles, equivalent to 14% of total annual production, in R.وسه Construction. The company owns 70% of AvtoVAZ and Russia is Renault’s second largest market after France.

Renault ceases production in Russia as Luca de Mao, the Italian CEO of the company, in the past two years, despite the recession caused by the Corona virus, was able to expand its activities and present innovative plans, allowing the French automaker to emerge from the crisis. Slowly

Renault has said it will respect the salaries of its 45,000 wage earners in Russia despite the decision to suspend production in Russia. On Thursday, the French Workers’ Power / Afo Syndicate issued a statement urging Renault to separate the Russian war account from its workers.