Russian government looks at intervention to shore up collapsing vehicle manufacturing sector

摘要

Russia - According to the Russian Industry and Trade Ministry Russian automotive plants operated at no more than 40% of their capacities during 2015. The automotive market it forecast to continue to fall uncontrollably this year so, to shore up the automotive sector, the Russian government has pledged some 50 billion roubles (EUR655m) have been assigned in industry support from state coffers in 2016. The Russian Industry and Trade Ministry states that if utilization of the automotive plants falls below 30%, the sector could face a situation that was unrecoverable and lead to deindustrialization.