Exactly a month ago, on February 24, Russia invaded Ukraine with a full-scale military operation that is changing the world in a way unseen since the end of WW2. The automotive business was one of the first to react to the war with nearly every brand putting on hold its operations in Russia in compliance with the international sanctions. As of today, Renault’s production activities in the country are also suspended, joining Toyota, Honda, Ford, and other manufacturers cutting its business in the Russian Federation.
Following a meeting of the board of directors at Renault, the French company has decided to stop production at its plant near Moscow. Renault is currently “assessing the available options” regarding its stake in AvtoVAZ, the automaker that produces Lada. In an official press release, the French firm says it is “acting responsibly towards its 45,000 employees in Russia,” though there’s no announcement regarding the distribution of Renault cars built outside the country.
