French Automaker Renault Halts Moscow Operations, Downgrades Financial Outlook

Employees of the Avtoframos automobile plant assemble a Renault Logan model in Moscow. Russia is one of the hardest-hit by the global economic crisis, causing the country to plunge into its first recession since 1998. Alexander Nemenov/AFP/Getty Images

French automaker Renault Group has announced it is suspending operations in Moscow as of March 23 amid Russia’s invasion of Ukraine.

The company’s board of directors met earlier on March 23 and approved the decision to pull the plug on activities at its Russian manufacturing plant amid international pressure and the threat of a boycott.