Russia's industrial production has dropped by 1.7 percent year-on-year in May. Above, people walk past a gift shop in central ...

For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin's seizure of ...

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment ...

The company was privatised in the 1990s, and since 2016 has been a subsidiary of the French car manufacturer, Renault. Earlier this month, it was reacquired by Russia’s government via a state ...

French automaker Renault has been more exposed to the Russian market than any of its competitors. Renault commands a huge presence in Russia, with the country being the company’s second-biggest ...

Avtovaz was owned by Renault until May when it returned the ownership to the Russian government in protest against the Ukraine invasion. The French carmaker could not be reached for comment.

The West slapped Russia with debilitating sanctions after the start of Moscow's military campaign in Ukraine in February. In May, Renault handed over its local assets to the Russian government ...

For instance, the city of Moscow and a Russian state-backed group took over French carmaker Renault's operations in the country for the nominal sum of 2 rubles (3.5 cents.) They plan to revive a ...

It’s holding a fire sale to clear out stock before leaving the country.The furniture maker said customers would only be able ...

IKEA will open for business for a final time in Russia on Tuesday, with customers permitted to buy goods in an online-only ...

Yum! completed the transfer of ownership of all Pizza Hut franchise assets to a local operator who has initiated the process of re-branding locations to a non-Yum! concept,” the company said in a ...