More companies close plants as Ukraine conflict begins to squeeze

The US announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods

The move comes after Russia launched an invasion of Ukraine on Thursday.

French carmaker Renault will suspend some operations at its car assembly plants in Russia next week due to logistics bottlenecks that have caused component shortages.

The move comes after Russia launched an invasion of Ukraine on Thursday although Renault, which has three car assembly plants in Russia, did not specify whether its supply chain had been affected by the conflict.