Japan’s Nissan Exits Russian Market, Selling Assets for Less Than $1

Japan’s Nissan Exits Russian Market, Selling Assets for Less Than $1
A visitor is seen at a Nissan Motor Corp. showroom in Tokyo, Japan, on Nov. 11, 2020. Issei Kato/Reuters
Aldgra Fredly
Updated:
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Japanese automaker Nissan said Tuesday that it would sell its assets in Russia to a state-owned company, joining dozens of other global companies in exiting the country over its ongoing invasion of Ukraine.

Nissan will sell its local operations, including its manufacturing and research facilities in St. Petersburg and sales center in Moscow, to NAMI, Russia’s Central Research and Development Automobile and Engine Institute.

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