Putin government is studing new incentives to the car industry.

Putin government

Putin government is studing new incentives to the car industry.

Insights collected by Autostat agency confirm the intent of the Russian government to support the domestic auto industry in 2014. However  the plan is to not  resumption of the concessional lending program expired in the first quarter of this year. In order to support the collapsing car market many different actions are undr study aimining  to provide assistance at car manufacturers through mechanisms that do not violate WTO rules.

Recall that on July 21st, Russian President, Vladimir Putin, had a business trip in Samara and in response to a request from the President of AvtoVAZ, Bo Andersson, he instructed the Ministry of Finance to find the means to prolong the resolution of the Government, which gave the right to subsidize interest rates on loans for modernization of the enterprise. “If it is feasible for the budget, of course, we will go to this proposal,” – said the then Minister of Finance, Anton Siluanov.

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