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