“Until now, we assumed that price growth is lower than inflation… There are fewer inflation forecasts, and significantly fewer,” he said of the projected cost of AVTOVAZ products in 2023.

Recall that the Russian Central Bank expects inflation in Russia to be 5-7% next year. And according to the estimates of the Ministry of Economic Development, it will be 5.5% per year. Sokolov also confirmed that the board of directors of AVTOVAZ approved the company’s investment program for 2023, which was proposed to him, in the amount of 40 billion rubles.

And at the end of November this year, Sokolov said at the Russian Industrialist Forum that AVTOVAZ’s investment program for 2023 would double compared to the year 2022. At the same time, he promised to invest in the development of the LADA brand range based on the CMF B platform and the Vesta platform. In addition, the money will be used to restart production of Vesta and Largus.

“Until now, we assumed that price growth is lower than inflation… There are fewer inflation forecasts, and significantly fewer,” he said of the projected cost of AVTOVAZ products in 2023.

Recall that the Russian Central Bank expects inflation in Russia to be 5-7% next year. And according to the estimates of the Ministry of Economic Development, it will be 5.5% per year. Sokolov also confirmed that AVTOVAZ’s board of directors approved the company’s investment program for 2023, which was proposed to him, in the amount of 40 billion rubles.

And at the end of November this year, Sokolov said at the Russian Industrialist Forum that AVTOVAZ’s investment program for 2023 would double compared to the year 2022. At the same time, he promised to invest in the development of the LADA brand range based on the CMF B platform and the Vesta platform. In addition, the money will be used to restart production of Vesta and Largus.