Nissan came out by selling a multi-million dollar business in Russia for just 1 euro

Nissan came out by selling a multi-million dollar business in Russia for just 1 euro

Japanese machine company Nissan has decided to wind up its business with Russia. The company is dealing its business to Russian government company NAMI for only one euro. This means that Nissan will have to suffer a loss of about$ 69 million. 

Due to the war between Ukraine and Russia, numerous transnational companies are facing difficulties in doing business in Russia. Some companies have closed their business because of this. Nissan was forced to stop product in Russia a many months agone . Nikkei Asia claims that another major Japanese machine company Mitsubishi is also Russia Considering leaving. Nissan has decided to hand over its business, including its plant inSt. Petersburg, to NAMI. before, French company Renault, which had a common adventure with Nissan, vended a major stake in a Russian auto manufacturer. 

Nissan stopped product at its St Petersburg plant in March due to force chain dislocations. numerous countries have also assessed warrants on Russia for attacking Ukraine. The European Union( EU) lately fully banned all cryptocurrency deals involving Russia. 

 

A post from the EU said, “ Being restrictions on crypto means have been tensed and all crypto holdalls , accounts and guardianship services linked to Russia have been banned. There will be no quantum limit for this. ” ” of the EU Controllers It says that the purpose of these warrants against Russia is to stop the force of critical factors to the Russian service and assiduity. lately, the Russian government allowed the use of virtual digital means for payments abroad. Last month, Russia’s deputy finance minister Alexei Moiseev said the central bank had agreed to allow the country’s people to admit and shoot payments abroad using cryptocurrencies. Ukraine is getting help from numerous countries including America in this war. Some of its agencies are also being given fiscal help from abroad in the form of cryptocurrencies. Ukraine is suffering heavy losses in the war. To increase its strength, it has sought arms as well as fiscal help from the countries involved in NATO.