Russia’s major automotive research facility has invested over $1 billion in local operations. AvtoVAZ’s chief executive says it’s only fair for Renault to compensate it for the money spent.
Penny Mordaunt said the UK is "still holding back on defence spending" and needs to go further in order to deter Russia when she appeared on BBC's Sunday with Laura Kuenssberg on 9 March.
Read: Renault Sells AvtoVAZ To Russian Science Institute For Just Over 1 U.S. Cent Ultimately, it bowed to the political pressure and sold its assets to Russian automotive research facility NAMI ...