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French Carmaker Renault Resumes Car Production In Russia - Foreign Affairs - Nairaland

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French Carmaker Renault Resumes Car Production In Russia by panafrican(m): 4:10am On Mar 24, 2022


Business
Renault resumes car production in Russia as rivals withdraw

The French carmaker had suspended production in February, citing logistical problems. The decision to resume activity is backed by the French government, Renault's main shareholder.
French carmaker Renault resumed operations at its production facilities in Moscow on Monday [March 21, 2022 ], a move that comes as other international companies flee the Russian market over the country's invasion of Ukraine.

A company spokesperson confirmed the reopening to news agency Reuters. Renault had suspended some operations at its assembly plants in late February due to component shortages caused by logistical bottlenecks, according to reports from local units.
https://www.dw.com/en/renault-resumes-car-production-in-russia-as-rivals-withdraw/a-61211840



French car giant Renault to continue operating in Russia
mw/tm 21.03.2022, 23:09

French car manufacturer Renault had announced that it would not cease its operations in Russia, in spite of many international companies shutting down their operations in the country following its invasion of Ukraine.

Several French companies have decided to remain in Russia, including Leroy Merlin, Auchan, and Decathlon, French-owned megastores which all belong to one holding. This has resulted in an international backlash against these companies, including calls for consumer boycotts.

Renault’s decision to continue operating in Russia has the backing of the French government, which nominally supports Ukraine in the conflict. President Macron has stated numerous times that he is strongly dedicated to brokering a peace that will bring an end to the hostilities, but France’s backing of its companies in their decision to maintain business operations in Russia indicates, that the economic interest of French enterprises takes precedence, and even that the French President’s declarations that he is trying to negotiate a swift end to the conflict are calculated to ensure uninterrupted operations of French-owned businesses in Russia. The fact that the French government is Renault’s largest single shareholder (15.01%, 0.01% ahead of the second-largest single shareholder Nissan) cannot be ignored as a factor.
https://tvpworld.com/59175240/french-car-giant-renault-to-continue-operating-in-russia

Re: French Carmaker Renault Resumes Car Production In Russia by AJSfan: 4:18am On Mar 24, 2022
grin
Re: French Carmaker Renault Resumes Car Production In Russia by Drenimarcus(m): 4:50am On Mar 24, 2022
Who born monkey cheesy. Putin giving it to them woto-woto.

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Re: French Carmaker Renault Resumes Car Production In Russia by MrBrownJay1(m): 5:56am On Mar 24, 2022
whether open or closed, Renault would have to pay salaries as normal... why doesnt Macron put sanctions there too?! bwaaaaaaaah!
Re: French Carmaker Renault Resumes Car Production In Russia by Dpharisee: 6:45am On Mar 24, 2022
They are tired of shooting themselves in the foot to spite Putin grin

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Re: French Carmaker Renault Resumes Car Production In Russia by chronique(m): 6:52am On Mar 24, 2022
This is why businesses should never get involved in politics in the first place.

5 Likes

Re: French Carmaker Renault Resumes Car Production In Russia by Vicotex1: 6:53am On Mar 24, 2022
Them be think say na putin dem dey do.
Most of these sanctions holds no water

2 Likes

Re: French Carmaker Renault Resumes Car Production In Russia by dvkot(m): 6:57am On Mar 24, 2022
OK Russia
Re: French Carmaker Renault Resumes Car Production In Russia by alcuin(m): 6:59am On Mar 24, 2022
Most of these companies are behaving like kids. It's just like telling your parents you won't eat dinner because you are angry or protesting.

By the time hunger touch you, you will locate the kitchen by yourself.

3 Likes

Re: French Carmaker Renault Resumes Car Production In Russia by Elvictor: 7:39am On Mar 24, 2022
Stupidity is when Americans think Russia is Iraq, Libya, and co. grin cheesy

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Re: French Carmaker Renault Resumes Car Production In Russia by siofra(f): 8:01am On Mar 24, 2022
grin grin grin

This war should do and be over abeg.

1 Like

Re: French Carmaker Renault Resumes Car Production In Russia by ken6488(m): 9:44am On Mar 24, 2022
Lol most will resume

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