The federal government will allocate 10 billion rubles on the preferential automotive mortgage programme
TASS.- The federal government has taken the choice to allocate 10 billion rubles on the continuation of the programmes on preferential buy and leasing of automobiles, that are assembled in Russia. The related report has been made by TASS, quoting the doc signed by the Russian Prime Minister Dmitry Medvedev at a gathering with the Minister of Trade and Commerce Denis Manturov.
6 out of 10 billion rubles can be allotted on preferential loans on the acquisition of automobiles throughout the scope of Household Automotive and First Automotive programmes and the remaining quantity can be used on the help of preferential vehicle leasing for small and medium-size companies. 7 billion rubles are deliberate to be generated by way of the change within the funds regulation on the finish of the 12 months and the remaining three billion can be obtained from the reserve fund.
10.four billion rubles have been allotted on the Household Automotive and First Automotive programmes in 2019, in keeping with Denis Manturov. Gross sales of 63,000 autos have been stimulated by way of this quantity. The funds are at present used up.
Manturov has highlighted the significance of resuming the programmes from 1 July 2019 onwards. In accordance with him, the programmes will assist 75,000 extra Russian residents turn out to be automotive house owners on preferential situations. Manturov has added that the programmes will revive the Russian automotive trade, sustaining jobs for over 2 million individuals.
As acknowledged beforehand, the gross sales of latest automobiles have fallen by 18% in Russia in Could. Consequently, Avtovaz has up to date its prediction of the Russian vehicle market in 2019, forecasting a shrinkage of gross sales from three to 20%.
The federal government will allocate 10 billion rubles on preferential automotive mortgage and preferential automotive leasing programmes.