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Mishustin is asked to help car dealers

Mishustin is asked to help car dealers
Photo: pixabay.com

The Association of Russian car dealers appealed for help to Prime Minister Mikhail Mishustin. They say that without government support, the industry risks losing 10 to 20 billion rubles of working capital, as demand for cars fell amid the coronavirus pandemic.

As reported "Vedomosti", demand is decreasing not only in the car sales segment, but also in services and spare parts. This can lead to mass layoffs and bankruptcies of companies. Dealers are asked to exempt them from social payments, introduce tax holidays on property and land, give a deferment on VAT payments.

According to the association, 30% of dealerships in the country were under threat of closure. A number of enterprises have already announced a temporary stop, while it is associated with a lack of components supplied from European plants.

September 22: current information on coronavirus in the Far East
Digest of regional events and latest statistics