Automakers

Russia could nationalize foreign-owned factories that shut operations

VW Kaluga Russia 2022
VW has suspended production at its Russian plants in Kaluga, shown, and Nizhny Novgorod.
R
By:
Reuters
March 09, 2022 07:22 AM

A senior member of Russia's ruling party has proposed nationalizing foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine.

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