Russia to nationalize assets of Japanese carmaker – trade ministry ...News

Economy by : (Russia Today) -
Nissan will receive a symbolic payment of €1 for the transfer Japanese carmaker Nissan will sell all its Russian assets to state-owned research and development firm NAMI, the trade ministry has said. The deal, worth a symbolic sum of €1, was approved by the Japanese corporation and includes a plant in St. Petersburg and sales and marketing facilities in Moscow. “We have managed to reach a formant where the enterprise remains operational. Key competencies, the production cycle and jobs are preserved,” Russia’s Trade Minister Denis Manturov said in a statement on Tuesday. Nissan has some 2,000 employees in Russia an

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