Russian Ministry of Industry and Commerce is planning to revive the Automobile Renewal Programme

Russian Ministry of Industry and Commerce is planning to revive the Automobile Renewal Programme

RBK – The Russian Minister of Industry and Commerce: Denis Manturov has announced plans to revive the renewal plans for shipping and aviation sectors, as well as the automotive sector, in his statement to RBK.

As one may remember, the automobile production had declined by 2.4% in Russia during the first six months of the year, with 909,600 vehicles. In the meantime, the production of foreign brands rose by 1.4%, in contrast with the 12.8% decline in the production of Russian brands. Manturov draws attention to the fact that the sharpest decline has been experienced in commercial vehicles production.

As is known, the Russian government had spent 16 billion rubles on the renewal plan implemented for the purpose of encouraging the sales in Russia, between the years 2010-2011. Manturov has stated that the ministry is on the search for extrabudgetary additional resources.