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Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ; option to buy back in future

Green Car Congress

The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow City entity and its 67.69% interest in AVTOVAZ to NAMI (the Central Research and Development Automobile and Engine Institute). As of 31 December 2021, this value amounted to €2,195 million.

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Rosatom and EDF Group partner to develop green hydrogen in Russia and Europe

Green Car Congress

Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. Rosatom’s ambition is to produce and to store decarbonized hydrogen, and take part in pilot projects in Russia and across the world.

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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

Green Car Congress

However, the recent climate of uncertainty and inflation arising from the pandemic and the Russia-Ukraine war has had a negative impact on new-build contracts, including on ship-types targeted for electrification. IDTechEx concludes that the future of the electric ship industry lies with hybrid cargo vessels.

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When Will Russia Run Out Of Oil?

Green Car Congress

Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. When will Russia run out of oil? million tons.

Russia 150
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Volkswagen Group expands presence in Russia with agreements with GAZ

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The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. Furthermore, the Volkswagen brand will in future supply 2.0 Petersburg and other major cities in Russia as well as some export markets. Volkswagen Truck and Bus.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150
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Volkswagen Group lays foundation stone for new engine plant in Russia; part of $1.1B investment in Russia over next three years

Green Car Congress

The engine to be produced at Kaluga in the future will be a 1.6-liter The Volkswagen Group is the largest foreign automobile investor in Russia. billion) in local production and new models for Russia. billion) in Russia over the next three years. The plant is designed for an annual capacity of 150,000 units.

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