Russia will support car sales with $78M loan subsidies, reports say

A Volkswagen dealership in Moscow. VW brand sales fell 7 percent to 9,253 in October, according data from the Association of European Businesses lobby group. (Andrey Rudakov/Bloomberg)

By:

Reuters

November 28, 2019 04:20 PM

MOSCOW -- Russia's government plans to spend about 5 billion rubles ($78.3 million) next year on new auto loan subsidies to support stagnating car sales, Russian news agencies reported.

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