If the bottle of oil from Volvo notes that it is specifically for the 400 series and S40/V40 series then its the right one.
The oil specs that you quote here are only part of the story.
The important difference between the Volvo oil and the aftermarket one or indeed the Renault suitable one, is that the Volvo version has specific additives that are compatible with the synchronizer material and bearing upgrades/redesigns Volvo completed on these Renault gearboxes. So really the Volvo units are evolved from the Renault ones and are not identical. It's important to use the right oil as the non-Volvo one has additives which will corrode the synchros in the Volvo box.
Does the bottle you have note part number 1161681 on the side or detail re it being for the 400 series, S/V40 or gearbox types?
There has been a lot of debate on volvo-480-europe with regards aftermarket oils and those made by Elf for example which list suitability for Renaults. But, as above suitability with Renaults and oil grades and specifications doesnt give the whole story. Volvo's can only use the Volvo oil.
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