Dubai
Saturday, July 2, 2022
  • Prayer time
  • Expo 2020
  • Things To Do
  • Auto
  • Property
  • Sports
  • Transport
  • Economy
  • Education
  • Government
  • Fashion
  • Tech
  • More
    • World
    • Crime
    • Weather
No Result
View All Result
Morning News
Home Auto

French auto giant Renault boycotts Russia over Ukraine assault

24/03/2022
Reading Time: 2 mins read
98
VIEWS
Share on FacebookShare on Twitter

.

RELATED POSTS

Amana hands over Al-Futtaim Auto Park in Al Ain

Russia-Ukraine crisis could further escalate auto prices and shortages

French carmaker Renault announced in a statement Wednesday that it has suspended all activities at its Moscow factory after Ukrainian leaders have called for a boycott against the company, accusing Renault of “sponsoring Russia’s war machine.”

The giant carmaker on Tuesday resumed production in Moscow after it suspended production due to a disruption in logistics in late February. However, it again suspended the operations in just three days.

Renault owns major Russian car manufacturer AvtoVAZ and regarding this involvement, the French carmaker said that it’s “assessing the available options, taking into account the current environment, while acting responsibly towards its 45,000 employees in Russia,” reported CNN News.

According to Renault Group’s financial results, AvtoVAZ’s brand Lada represented nearly 21% of the Russian market in 2021.

Following the February 24 special military operations by Russia in Ukraine, many automakers including, Jaguar Land Rover, Ford and Volvo have stopped shipments to Russia, “considering the potential risks associated with trading material with Russia, including the sanctions imposed by the EU and US.”

ALSO READ:

  • Russia limits access to Google News
  • Russian oligarchs finding it tough making payments to foreign creditors

The leadership in Ukraine has also been calling out major French companies including Renault, for stopping their operations in Russia. “Renault, Auchan, Leroy Merlin and others must stop being the sponsors of Russia’s war machine,” Zelensky said.

Resonating similar sentiments, Ukrainian Foreign Minister Dmytro Kuleba in a tweet wrote, “Renault refuses to pull out of Russia. Not that it should surprise anyone when Renault supports a brutal war of aggression in Europe,” adding “But mistakes must come with a price, especially when repeated. I call on customers and businesses around the globe to boycott Group Renault.”

It’s been nearly a month since Russia launched its attack of Ukraine, deploying tens of thousands of troops into an offensive against its neighbour.

Source

ShareTweet

Related Posts

Amana hands over Al-Futtaim Auto Park in Al Ain

Amana hands over Al-Futtaim Auto Park in Al Ain

12/04/2022
100

. Amana has completed building the 14,000sqm Al-Futtaim Auto Park in Al Ain, which includes the installation of a solar photovoltaic (PV) system that is expected to generate 800MWh of energy. The...

Russia-Ukraine crisis could further escalate auto prices and shortages

Russia-Ukraine crisis could further escalate auto prices and shortages

03/04/2022
96

. BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts. For more than...

Dubai welcomes first ever electric vehicle manufacturing facility

Dubai welcomes first ever electric vehicle manufacturing facility

29/03/2022
105

. Dubai on Monday welcomed the UAE’s first ever electric vehicle manufacturing facility that is expected to produce 55,000 cars per year to meet the rising demand for green mobility and reducing...

Lamborghini Urus joins Dubai Police supercar fleet

Lamborghini Urus joins Dubai Police supercar fleet

26/03/2022
100

. The Lamborghini Urus has officially joined the internationally acclaimed Dubai Police fleet of supercars, dressed in full livery complete with flashing light. Powered by a 4.0-litre twin-turbo V8 engine producing 650...

Emirates Motor Company opens UAE’s first-of-its-kind Mercedes-Benz Boutique showroom

Emirates Motor Company opens UAE’s first-of-its-kind Mercedes-Benz Boutique showroom

24/03/2022
97

. Emirates Motor Company, the authorised general distributor for Mercedes-Benz in the emirate of Abu Dhabi, opened the first-of-its-kind Mercedes-Benz Boutique showroom in Yas Mall in Abu Dhabi. The new, 360 square-metre...

RECOMMENDED

13 huge world sporting events coming to Abu Dhabi in the next year

13 huge world sporting events coming to Abu Dhabi in the next year

01/07/2022
98
12 Sunday brunches to check out in Dubai this weekend

12 Sunday brunches to check out in Dubai this weekend

01/07/2022
100
There’s an exciting new show at The Theater this Eid – What’s On

There’s an exciting new show at The Theater this Eid – What’s On

01/07/2022
96
5 of the coolest beauty salons in Dubai right now – What’s On

5 of the coolest beauty salons in Dubai right now – What’s On

01/07/2022
97

MOST VIEWED

  • Ronaldinho, Figo and Kaka among star names at Omega Pro Legends Cup in Dubai – in pictures

    Ronaldinho, Figo and Kaka among star names at Omega Pro Legends Cup in Dubai – in pictures

    0 shares
    Share 0 Tweet 0
  • 22 unmissable things to do in the UAE in 2022 – What’s On

    0 shares
    Share 0 Tweet 0
  • Dubai’s best restaurants 2022

    0 shares
    Share 0 Tweet 0
  • How to sew handmade shoes for the first persons and heads of state

    0 shares
    Share 0 Tweet 0
  • Mohamed Salah’s daughters star on the pitch at Anfield – in pictures

    0 shares
    Share 0 Tweet 0
  • TheKIEV.city
[email protected]
2022 © "TheDUBAI" Media Group.
All Rights Reserved
No Result
View All Result
  • Prayer time
  • Expo 2020
  • Things To Do
  • Auto
  • Property
  • Sports
  • Transport
  • Economy
  • Education
  • Government
  • Fashion
  • Tech
  • More
    • World
    • Crime
    • Weather

Copyright © 2022. "TheDUBAI" Media Group. All Rights Reserved