Renault’s assets in Russia are now state property, according to Russia’s Industry & Trade Ministry. 100% of Reno Rossiya = the Moscow city govt’s. 67.7% of AvtoVaz belongs to the NAMI Automotive Institute. Renault has 6 yrs to buy back its AvtoVaz shares. https://t.co/ERhh8pF2i7

— Kevin Rothrock (@KevinRothrock) May 16, 2022