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Oligarch’s Advice: How Russia’s Auto Industry Can Overtake Korea’s

  • April 22, 2022
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As you know, businessman Oleg Deripaska owns several important assets in the auto industry, including the GAZ Group. And now, with the auto industry going through a serious

Oligarch’s Advice: How Russia’s Auto Industry Can Overtake Korea’s
As you know, businessman Oleg Deripaska owns several important assets in the auto industry, including the GAZ Group. And now, with the auto industry going through a serious crisis, the oligarch has proposed several recipes that can take domestic factories to a fundamentally new level of development.

So, according to Mr. Deripaska, it takes 320 billion rubles in investment for the Russian auto industry to keep pace with at least the Korean one. For comparison, the construction of the Crimean Bridge cost 228 billion rubles, so the amount for the state and business is quite increasing.

According to various estimates quoted by the businessman, the wealthy part of the Russian population now has about 100 trillion. rubles. But the state does not provide tools and incentives for billionaires to invest in any kind of investment. In addition, in the development of auto plants, it is desirable to do without the participation of state-owned enterprises:

“It will be losses again, a kind of pointless pasting of some kind of stamps, labels, for which you have to take separate money,” says the oligarch.

And finally, to get an idea, it’s necessary to stop whining about import substitution and get to work. In addition, all decisions and budgets for investments in component manufacturers were prepared four years ago.

According to Oleg Deripaska, a good component base must be created for everyone, and not for individual car giants. Unfortunately, small and medium-sized businesses cannot do this because the loan rates are simply unbearable.

photo of the manufacturer.

So, according to Mr. Deripaska, it takes 320 billion rubles in investment for the Russian auto industry to keep pace with at least the Korean one. For comparison, the construction of the Crimean Bridge cost 228 billion rubles, so the amount for the state and business is quite increasing.

According to various estimates quoted by the businessman, the wealthy part of the Russian population now has about 100 trillion. rubles. But the state does not provide tools and incentives for billionaires to invest in any kind of investment. In addition, in the development of auto plants, it is desirable to do without the participation of state-owned enterprises:

“It will be losses again, a kind of pointless pasting of some kind of stamps, labels, for which you have to take separate money,” says the oligarch.

And finally, to get an idea, it’s necessary to stop whining about import substitution and get to work. In addition, all decisions and budgets for investments in component manufacturers were prepared four years ago.

According to Oleg Deripaska, a good component base must be created for everyone, and not for individual car giants. Unfortunately, small and medium-sized businesses cannot do this because the loan rates are simply unbearable.

Source: Avto Vzglyad

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