French auto giant Renault suspends operations in Moscow factory

Renault Arkana mid-size crossover in a showroom at a Renault factory in Moscow, Russia. REUTERS/Evgenia Novozhenina

French car maker Renault says it has suspended operations at its Moscow factory after Kyiv called for a boycott of the company. The ongoing presence of French companies in Russia has become an increasingly controversial subject as the war in Ukraine enters its second month.

Renault is also considering "possible options" for its Russian affiliate AvtoVAZ, the company said in a statement, adding that it had downgraded its 2022 financial outlook.