Russias Avtovaz will restart production in early June, RIA reports

div classBodysc17zpet90 cdBBJodivpReuters – Russia‘s top carmaker Avtovaz said it will resume production in early June, the RIA Novosti news agency reported on Tuesday, citing the company’s new CEO.p

pThe Ladamaker partially halted production in March due to a shortage of electronic parts, as the conflict in Ukraine and imposition of Western sanctions have disrupted Russian supply chains.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“At the beginning of next month we should launch production,” RIA Novosti quoted CEO Maxim Sokolov as saying on Tuesday.p

pFrench auto giant Renault struck a deal last week to sell its majority stake in Avtovaz to a Russian science institute, reportedly for the symbolic sum of just one rouble, with a sixyear option to buy it back.p

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pp Reporting by Reuters, Editing by Louise Heavensp

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