Renault halts operations in Russia, government says it will take over:
Russian authorities will decide how to use Renault's plant in Moscow by the end of next week, the Ministry of Industry and Trade said on Thursday, after the carmaker announced it was suspending operations there.
The government's comments about the future of the factory come after the Kremlin suggested it could nationalise assets of foreign firms that left the country. The factory in Moscow owned by Renault produces the Renault Duster, Kaptur, Arkana and Nissan Terrano models. The Russian industry ministry said that everything necessary was being done to resume operations at Avtovaz's assembly lines, including the creation of components stocks.
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