Nissan sells Russia biz for 1 Euro!

NIssan will hand over its Russia business to state-owned NAMI

The Japanese car maker had to halt production in Russia after the Ukraine invasion

The Russia-Ukraine war created massive supply-chain issues for Nissan

Work at its St. Petersberg plant was suspended in March

Nissan had been making SUVs at the St. Petersberg facility since 2009

The exit from Russia means Nissan is now taking a loss of around $687 million

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