Renault will not rule out Russia return, CEO says

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The head of the Renault automaker did not rule out the possibility of returning to the Russian market after the outbreak of the war in Ukraine, along with several other Western manufacturers, they withdrew from Russia. The French left themselves a loophole for the return.

The Korea Times

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Will Korean firms return to Russia?

The recent negotiations between the United States and Russia on ending the latter's three-year war in Ukraine have brought cautious optimism that major Korean companies may resume their operations in the world's largest country.

Financial Times

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Renault will not rule out Russia return, CEO says

Luca de Meo says buying back a controlling stake in Avtovaz is not a priority, but it is open to potential business opportunities

united24media.com

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Despite War, Renault CEO Won’t Rule Out Reentering Russian Market

Renault’s CEO has not ruled out a return to Russia, despite the ongoing war against Ukraine. The company sold its Russian operations and nearly 68% stake in Avtovaz, maker of Lada cars, in May 2022, resulting in a €2.2 billion write-down according to the Financial Times on February 20. However, Renault retained an option to buy back its stake within six years. When asked about returning, CEO Luca de Meo said: “I’d rather focus on building the fu…

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Renault CEO Luca de Meo said that the carmaker does not rule out returning to Russia, the Financial Times reported. At the same time, he stressed that buying a controlling stake in AvtoVAZ is not a priority for the French company.

Bani.md

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Renault CEO Luca de Meo does not rule out a possible return of the automotive group to Russia. “I think it's better to look to the future than to stay anchored in the past — but we're businessmen. When you see a business opportunity, you have to take advantage of it,” he told the Financial Times in an interview. Earlier, at a press conference devoted to the financial results of the French automaker, Renault's chief financial officer Thierry Piét…