russian auto groups receive government support

The Russian government decided to commit 5 billion rubles from the state budget to subsidizing of transportation of domestically produced automobiles within Russia for subsequent export.

Russian manufacturers have tried to receive government support for a long time; with this support they intend to compensate for decline in demand for car industry in Russia with sales.

According to some reports, the Ministry of Industry and Trade suggests assigning one more billion rubles to compensate for the costs incurred by adaptation of domestic cars to the requirements of external markets.

As previously reported, AvtoVAZ plans to export the new automobile Lada Vesta to the CIS and Europe. The Sollers plant was preparing to export automobiles to Iran.

We remind you that the idea of supporting export of automobiles appeared in 2015. Auto groups note difficulties in increasing export due to high import duties in the markets of many countries of the world.