OREANDA-NEWS. AvtoVAZ shares will not be transferred to Russian jurisdiction, said the head of state corporation "Rostech", Mr. Chemezov.

"The situation with AvtoVAZ is hanged for today. Our partners have said, let's leave it at that. We have until 2017 the signed contract, the agreement is ours. We have only 25%, but they have 75%. They make decision, "- said Mr.Chemezov, who is cited by the agency "Prime".

Joint venture of "Rostech" and Renault-Nissan - Alliance - Rostech Auto BV – has 74.51% of the capital of AvtoVAZ (81.4% of the ordinary and 47% of preference shares). Now the share of Renault-Nissan alliance in the joint venture is 67.13% (Renault - 50,1%, from Nissan - 17,03%), the "Rostech" has 32.87%.

Russian President Vladimir Putin in November of the last year signed a law on de-offshoring of economy. The law is designed to get back the derived capital from the country that is not involved in active production activities, and to make offshore unprofitable for avoiding of Russian taxes in the future.