Should French carmaker Renault wish to buy back its majority stake in Russia's top carmaker Avtovaz, it would have to pay at least 112.5 billion roubles ($1.3 billion) to cover investments made since selling for only one rouble in 2022,

Renault exited from Russia in 2022 after the invasion of Ukraine and was paid a nominal RUB2 by the government for its stake in the Russian automotive giant that makes the iconic

French automaker Renault would need to reinvest 112.5 billion rubles ($1.29 billion) to regain its former Russian assets, the head of Russia’s top manufacturer, Avtovaz, said Monday. Renault, which had the largest exposure to the Russian market among Western carmakers,