french carmaker renault will suspend some operations at its car assembly plants in russia next week due to logistics bottlenecks that have caused component shortages its local units said on fridaythe move comes after russia launched an invasion of ukraine on thursday although renault which has three car assembly plants in russia did not specify whether its supply chain had been affected by the conflictrenault which returned to profit in 2021 after two years of losses is among western companies most exposed to russia where it makes 8 of its core earnings according to citibankin a statement the french carmakers russian unit said its moscow production would stop from feb 28march 5 amid some interruptions in supplies of components advt interruptions are primarily caused by tighter border controls in transit countries and the forced need to change a number of established logistics routes the unit said without naming any countriesseparately a car plant in togliatti central russia may stop some assembly lines on monday russias top carmaker avtovaz which is controlled by renault said citing persisting global shortage of electronic components it said the plant should be fully operational on tuesdaythe united states announced sweeping export restrictions against russia on thursday hammering its access to global exports of goods from commercial electronics and computers to semiconductors and aircraft partsus sanctions do not cover renault or avtovaz and target supplies of specific components avtovaz ceo nicolas maure said this week his firm would seek alternative supplies of electronic chips in case us sanctions curb deliveriesneither renaults unit nor avtovaz mentioned the invasion of ukraine in their statementseven without the sanctions sales of new cars in russia are forecast to slow to 33 this year from 43 in 2021 because of the shortage of electronic components logistics challenges and higher costs according to the association of european businessalso read renault to accelerate state aid repayment after swinging back to profitthe group had already repaid 1 billion out of 4 billion euros 455 billion in loans it had received to help it cope with the pandemic fallout and plans to repay the rest ahead of the 2024 contractual timeframe at least 2 billion will be repaid this year and full repayment by end2023 at the latestsee more details renault teases new concept car unveil in maythe teaser image unveils the front look of the hydrogen concept car depicting sharp outlines and led headlamps in terms of design the upcoming renault car resembles the megane ev also the hydrogenpowered concept car is likely to be the same size as the megane evsee more details renault cfo delbos steps down to steer its mobilize ev brandclotilde delbos will mainly focus on her role as ceo of the mobilize brand to accelerate its development in the context of the groups transformation renault said in a statementsee more details advt reuters published on feb 25 2022 at 0658 pm ist telegram facebook copy link be the first one to comment comment now comments comment