ANNOUNCEMENT 18 Mar 2015In March 2015, the government of the Russian Federation announced a change in production support.
NUMBER OF INTERVENTIONS
On 18 March 2015 was signed Decree Nr. 244. It concerns the local auto-industry. It forms part of the "anti-crisis plan" of the Russian Government under the state program "Development of the Industry and Fostering of its Competitiveness". A total of 10 billion Russian Roubles (ca. 162 million USD) will be allocated for partial compensation of production costs.
This measure is motivated by the fact that in 2014 the cost of the produced vehicles in Russia has significantly increased. Hence, the profitability and competitiveness of the Russian producers have deteriorated.