LONDON (Reuters) – Renault’s top executive said on Monday that the carmaker will decide in the coming weeks on the future of its operations in Russia, where it suspended operations in late March following the invasion of Ukraine.
“Negotiations are still ongoing,” Chief Executive Luca de Meo said at the FT Future of the Car 2022 conference, adding that leaving Russia entirely involves writing down the value of its assets. “But we also know that we’ve been working for 10 years investing a lot of money there so we are also here to protect our assets and what we’ve done.”
(Reporting by Nick Carey; editing by David Evans)
