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Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.
Israeli media: One soldier wounded at Allenby crossing now confirmed killed.
Israeli media: Preliminary reports of shooting operation at Allenby crossing with Jordan.
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test

Russia nationalizes assets of French Renault

  • By Al Mayadeen English
  • Source: Agencies
  • 16 May 2022 10:08
  • 2 Shares
2 Min Read

The Russian government has taken control of French carmaker Renault's Russian assets, including the Renault Russia plant, which has been transferred to the Moscow government.

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  • Russia nationalizes assets of Renault
    Russia nationalizes the assets of French Renault.

The Russian government has taken control of French carmaker Renault's Russian assets, including the Renault Russia plant, which has been transferred to the Moscow government, and shares in Russian vehicle plant AvtoVAZ, which has been transferred to a state-run research center, according to the Russian Ministry of Industry and Trade on Monday.

In March, Renault announced it would suspend operations at its Moscow plant and investigate alternatives for selling its majority ownership in the Russia-based AvtoVAZ conglomerate.

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According to the Ministry's Telegram announcement, "Russian assets of the Renault group are being passed to state ownership. Agreements have been signed on the transfer of Russian assets of the Renault group to Russia and the Moscow government. The agreements signed provide for the transfer of Renault Russia shares to the city of Moscow and AvtoVAZ shares to the government represented by FSUE [federal state unitary enterprise] NAMI."

As a result, the city of Moscow would hold 100% of Renault Russia, while the Russian government, represented by NAMI, will possess 67.69% of AvtoVAZ shares. Rostec, the Russian state technology firm, will keep the remaining shares.

Moscow Mayor Sergei Sobyanin stated that he decided to adopt the plant in order to save the employment of its employees and to resume the manufacture of vehicles under the Soviet-Russian brand Moskvitch.

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