At an industry meeting chaired by Russian President Vladimir Putin, it was decided to allocate 20.7 billion rubles to support the demand for cars. Of this amount, 10.2 billion will go to the state program of preferential car loans.

In the near future, the Ministry of Industry and Trade should work out the details of the program while calculating the effect that state co-financing will help achieve.

In the previous version, the subsidy only applied to Russian-made cars, guaranteeing a 25% first-term discount for residents of the Far East and a 10% discount for other Russians.

The program included cars worth up to 1,500,000 rubles, and four purchase options were offered: “Family Car”, “First Car”, “Medical Car” and Trade-in (each with its own conditions).

In the current circumstances, when the Ministry of Economic Development predicts an annual inflation rate of 17.5%, soft loans may be the only chance for impoverished Russians to buy fantastically expensive cars.

At an industry meeting chaired by Russian President Vladimir Putin, it was decided to allocate 20.7 billion rubles to support the demand for cars. Of this amount, 10.2 billion will go to the state program of preferential car loans.

In the near future, the Ministry of Industry and Trade should work out the details of the program while calculating the effect that state co-financing will help achieve.

In the previous version, the subsidy only applied to Russian-made cars, guaranteeing a 25% first-term discount for residents of the Far East and a 10% discount for other Russians.

The program included cars worth up to 1,500,000 rubles, and four purchase options were offered: “Family Car”, “First Car”, “Medical Car” and Trade-in (each with its own conditions).

In the current circumstances, when the Ministry of Economic Development predicts an annual inflation rate of 17.5%, soft loans may be the only chance for impoverished Russians to buy fantastically expensive cars.