Renault's net loss is estimated at €2.3 bn


July 29, Fineko/ Renault informs that company's net loss from termination of operations in Russia amounted to €2.3 bn.

ABC.AZ reports that according to French automaker’s report for the 1st half of 2022, published on 29 July, global sales after Renault left Russia on 12 July decreased by 29.7% compared with 2021 and amounted to about 1 million cars.

Since 6 June, the former Renault plant located in Moscow has been renamed the Moskvich Moscow Automobile Plant. On 3 June, changes were made to the Unified State Register of Legal Entities.