The renamed Moscow Automobile Plant Moskvich expects to produce 600 cars by the end of 2022, and 200 of which will be electric.The relaunch comes as Russia strives for a self-sufficient economy as the country's finances continue to be choked by Western sanctions and other ramifications of its unprovoked invasion of Ukraine.The French manufacturer had owned a majority stake in carmaker Avtovaz, before reportedly selling it off for just one Russian rouble and with a six-year option to repurchase.Sobyanin said the decision to take over the Renault plant was a move to preserve thousands of jobs.The Moskvich car brand was a source of pride for Russia's capital between 1946 and 2001, with the name translating to "Moscovite" or "native of Moscow," but the cars' popularity faded after the fall of Communism and the Soviet Union."