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,

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