Consumer Demand for Automotive Industry to Be Governmentally Supported

Russian President, Vladimir Putin, instructed to send an additional 7 billion rubles in 2020 to finance preferential car loans for the purchase of domestic cars and preferential car leases, including for car-sharing companies.

The president recalled the existence of preferential programs “Family Car” or “First Car” and noted that such a support mechanism helps young or large families to buy a domestic car at a discount on advance payment of 10%. According to Putin, in general, they will focus on the support of those companies that provide or increase the level of localization, create high-quality, modern jobs in Russia.

Ru-Main, 25.04.2020

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