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Renault must pay $1.3bn if it wants to re-enter Russian market
French carmaker Renault must repay at least RUB112.5bn ($1.3bn) of the money invested in by its Russian partner AvtoVAZ in the joint venture during its absence AvtoVAZ President Maxim Sokolov said ...
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Russia Bought Renault’s Plants For 1 Cent, Now Wants $1.3 Billion To Sell Back
AvtoVAZ’s chief executive says it’s only fair for Renault to compensate it for the money spent. Renault says it doesn’t “foresee any change for the short term” about returning to the ...