French automaker Renault is concerned about the stability of its supply chains in Russia due to rising tensions between the country and Ukraine, which will have repercussions for the manufacturer’s production abilities if a conflict were to break out. Renault’s Russian business AvtoVaz, which makes the Lada brand of cars, sources 20 percent of components necessary for making vehicles from other nations. If the Russia-Ukraine crisis worsens, two AvtoVaz factories will face difficulties in securing components. Sourcing parts from outside the country might turn into an issue as Moscow has come up with a “Fortress Russia” program that seeks to minimize the nation’s links to foreign businesses in case its businesses and economy face sanctions. Renault was “doing a study” to determine alternate sources for its car components, the company CEO Luca de Meo said to the Financial Times. “We are looking at this piece by piece, if it comes …
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