Russian government intends to allocate 4.8 billion rubles on automotive for the third quarter

Russian government intends to allocate 4.8 billion rubles on automotive for the third quarter

RusAutoNews.Com – The government of Russian Federation plans to allocate 4.824 billion rubles for the support of vehicle manufacturers, during the third quarter of the year. The draft of the relevant government order has been announced to public via regulation.gov.ru portal. Previously, allocation of 10 billion rubles for the first quarter and 5 billion rubles for the second had been announced, for the same purpose.

The ministry of industry and commerce officials, who drafted the order, state that the measures have been taken, due to the sharp rise in car production costs in 2014.