MOSCOW : Russia said on Friday Japanese carmaker Toyota's factory in St Petersburg had been handed over to state entity NAMI, snapping up more assets from global automakers leaving Russia over the conflict in Ukraine.'Toyota's production site in St Petersburg has at this stage been transferred to the stat
MOSCOW : Russia said on Friday Japanese carmaker Toyota's factory in St Petersburg had been handed over to state entity NAMI, snapping up more assets from global automakers leaving Russia over the conflict in Ukraine.
"The agreement implies a full handover of ownership rights of the plant building, equipment and land."
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