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I think the problem is that they may not be allowed to bring the money outside Russia, as there are now capital controls on foreign currency. That's why there
by sega_sai 4y ago
I think the problem is that they may not be allowed to bring the money outside Russia, as there are now capital controls on foreign currency.
That's why there a few foreign factories, like Renault who seemed to have "sold" them for like 1 ruble.
- Aissen 4y agoFor context, Renault sold its majority stake in AvtoVAZ (Lada, 45k employees) today for 1 ruble to the Russian government, with the option to buy-back for the next 6 years: https://www.lemonde.fr/en/economy/article/2022/05/16/french-carmaker-renault-sells-russian-assets-to-moscow_5983662_19.html https://www.lemonde.fr/en/economy/article/2022/05/16/french-...