ASTANA, September 25. /TASS/. The transaction on transfer of assets of the Swedish car concern Volvo in Russia did not contain a buyback option, Russian Deputy Prime Minister, Industry and Trade Minister Denis Manturov told reporters on the sidelines of the Innoprom.Kazakhstan international industrial exhibition.

"Volvo - without a [buyback] option," he said.

Volvo’s assets in Russia were transferred to a local investor in early September. The Industry and Trade Ministry said then that work was underway to restart the production in Kaluga.