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Russia to relaunch subsidized car loan programme on December 1
Original: программа льготного автокредитования
Russian government agencies have agreed to resume the state-subsidized car loan programme starting December 1. Under the scheme, buyers of certain domestically produced cars receive a discount on loans. Reports note the programme was suspended earlier this year, and its return is expected to stimulate demand in the Russian automotive market, which has slumped amid high interest rates.
Why now: The subsidised car loan programme's return from December 1 directly affects car affordability for Russian buyers
Evidence
- Россиянам вернули льготные автокредиты: кому дадут скидку с 1 декабря · RTVI
- Ведомства согласовали возобновление программы льготного автокредитования с 1 декабря · Интерфакс
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