(Reuters) – Russia’s largest carmaker Avtovaz stated that it would resume production by June 1, the RIA Novosti news agency reported Tuesday. Citing the new CEO,

Ladamaker partly stopped production March 31st due to shortage of electronic parts. This was because the Russian supply chain had been disrupted by sanctions and conflict in Ukraine.

Maxim Sokolov, CEO of RIA Novosti said Tuesday that production should be launched at the beginning next month.

French giant in auto manufacturing Renault (EPA): Last week, EPA reached a deal to sell its major stake in Avtovaz, reportedly at a Russian science institution, for a symbolic amount of one rouble. There is also a 6-year option to purchase it back.