The production of the French automobile company Renault in Russia is officially stopped, employees are sent to idle. This is stated in a company statement..
“With regard to the stake in AvtoVAZ, the Renault Group is evaluating the options available, taking into account the current situation, acting responsibly towards its 45,000 employees in Russia,” the concern notes..
Renault remained the only major global car manufacturer to retain sales and production in Russia after Russia started the war in Ukraine.
It is noted that Renault's Moscow plant produces Duster SUVs, the Kaptur crossover and the Arkana coupe-crossover..
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Earlier, the Russian Avtovaz announced downtime at several of its enterprises due to a lack of supplies of electronic components..
Analysts predict Russia 30 percent inflation and 25 percent wage cuts.