It seems that the Russian car market will not be relaunched as expected. According to just-auto.com, the Russian government may reduce its plans to invest 180 billion roubles ($6.12 billion) by 2020 in the development of the car industry.
Business daily Vedomosti, a Russian newspaper, reported that the government now plans to only use 124 billion roubles ($4.22 billion) for subsidising interest rates for auto industry loans and the scrappage scheme. The remaining 54 billion roubles ($1.91 bil… (read more)