The period of the utilisation programme has been extended till the year-end in Russia

The period of the utilisation programme has been extended till the year-end in Russia

Kommersant – Russian prime minister Dmitri Medvedev has signed the bylaw, proposing the allocation of an additional resource of 5 billion rubles, in order to finance part of production expenses made by the car manufacturers.

The aforementioned resource will be used in the compensation of discounts made by manufacturers, within the scope of the automobile utilisation programme (bring the old one and get a new one). Thereby, the period of the programme, which started in September 2014, has been extended for the second time.

The number of vehicles sold within the scope of the programme had been announced as 160,000 by the minister of industry and commerce Denis Manturov, as of 3 July.