Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on Monday, adding that the deal included a six-year option to buy back the stake.
The Western carmaker most exposed to the Russian market, Renault added that its holding of nearly 67.69 per cent in Avtovaz would be sold to the Russian Central Research and Development Automobile and Engine Institute, called Nami.
Renault, the Western carmaker most exposed to the Russian market, said on Monday that its holding of nearly 67.69 per cent in Avtovaz would be sold to the Russian Central Research and Development Automobile and Engine Institute, called Nami.
"The closing of these transactions is not subject to any conditions, and all required approvals have been obtained," it added.
Two sources familiar with the situation told Reuters that Renault Russia and the Avtovaz stake were sold for a symbolic one rouble (US$0.016) each. The company's 100 per cent stake in Renault Russia will go to the city of Moscow.
Renault had valued its Russian assets at 2.2 billion euros (US$2.29 billion) last year.
"Today, we have taken a difficult but necessary decision, and we are making a responsible choice towards our 45,000 employees in Russia," the carmaker's CEO, Luca de Meo, said.
The move preserved the group's performance and its ability to return to the country in the future in a different context, he added.
The Avtovaz factory at Togliatti may also make Renault Duster cars under the Lada brand, Denis Pak, head of the car industry department at the Industry and Trade Ministry, said in a televised interview with Rossiya-24.
He said an agreement was reached with Renault.
Renault was not immediately available to comment.
De Meo has been clear about the French carmaker's desire to return to Russia after the war in Ukraine is resolved and normal relations are eventually restored.
The iconic Moskvich, which translates as a native of Moscow, ceased production around two decades ago.
But Sobyanin, the mayor, said Moscow was working with truck maker Kamaz Inc KMAZ.MM and Russia's Industry and Trade Ministry to localize as much vehicle component production in Russia as possible.
Pak said Moskvich production was expected to start this year. The Moscow plant will be renamed Moscow Automobile Factory Moskvich, he said.
Renault said in March that it would suspend operations at the Moscow plant amid mounting pressure over its continued presence there since the start of the conflict in Ukraine. Read full story
Renault, which is 15 per cent owned by the French state, confirmed a non-cash writedown of nearly 2.2 billion to reflect the potential costs of suspending Russian operations. Read full story
More than 400 companies have withdrawn from Russia since it invaded Ukraine on Feb. 24, leaving behind assets worth billions of dollars.
Russia calls its actions a "special operation" to disarm Ukraine and protect it from fascists. Ukraine and the West say the fascist accusation is baseless and the war is an unprovoked act of aggression.
(Reporting by Benoit Van Overstraeten, Gilles Guillaume and Nick Carey; editing by Clarence Fernandez, Jason Neely, Kirsten Donovan and Leslie Adler)
____
Do you have any questions about the attack on Ukraine? Email dotcom@bellmedia.ca.
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
The adorable trio of child actors from the 1993 classic comedy 'Mrs. Doubtfire,' which starred the late and great Robin Williams, are all grown up and looking back on their seminal time together.
The erstwhile group of senators and MPs studying the federal government's invocation of the Emergencies Act over the "Freedom Convoy" was supposed to present its findings in December. December of 2022, that is.
The Ukrainian village of Ocheretyne has been battered by fighting, drone footage obtained by The Associated Press shows. The village has been a target for Russian forces in the Donetsk region of eastern Ukraine.
A delegation of the Palestinian militant group Hamas was in Cairo on Saturday as Egyptian state media reported "noticeable progress" in ongoing cease-fire talks with Israel while an Israeli official downplayed the prospects for a full end to the war.
Saing Chhoeun was locked out of his Charlotte, N.C., home on Monday as law enforcement with high-powered rifles descended into his yard and garage, using a car as a shield as they were met with a shower of gunfire from the direction of his neighbor's house.
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.