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Cabinet allocated 25 billion rubles to support the automotive industry

Cabinet allocated 25 billion rubles to support the automotive industry
Photo: pixabay.com
The Russian government has approved a list of measures to support the auto industry during the coronavirus pandemic. In total, about 25 billion rubles will be spent on financing in several areas.

According to the decree of the Russian government, signed by Russian Prime Minister Mikhail Mishustin, most of the funding will go to purchase equipment. So, about five billion rubles will go for the purchase of 1 ambulances, another 200 billion for the purchase of about 4,5 thousand cars for state needs.

In addition, seven billion rubles is provided for subsidizing lending to individuals. According to the decree, 50 thousand cars will be sold. Another 8,5 billion will go to soft leasing, including the state program “Affordable rent”. About 29 thousand cars should be bought under this article.

The Ministry of Industry and Trade of Russia will control the targeted and effective distribution of funds. The report on the implementation of the support program should the government wait until February 1, 2021.
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