- Production of the Soviet-era Moskvich car relaunched in Russia on Wednesday at a former Renault factory.
- The relaunch comes as Russia strives for a self-sufficient economy as the country’s finances continue to be choked by sanctions and other ramifications of its invasion of Ukraine.
The French manufacturer had owned a majority stake in carmaker Avtovaz, before reportedly selling it off for just one Russian rouble and with a six-year option to repurchase. Renault Russia was also reportedly sold to the state for the same token sum.
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