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Currency volatility meets state subsidy amid tumbling Russian vehicle sales

Can ruble depreciation and state subsidies offer temporary respite for struggling Russian vehicle market?

The struggling Russian automotive market is experiencing downward growth trends, caused by an unprecedented convergence of a raft of negative factors, including an economic downturn, worsened by western sanctions and monumental drops in energy prices and local currency value; nonetheless, it is beginning to feel some relief from unexpected quarters.

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