Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

$555M for Auto Industry

Russia will spend about 17 billion rubles ($555 million) next year to support the domestic auto industry, Prime Minister Vladimir Putin said Thursday.

“We will propose a federal program to stimulate the demand for cars,” Putin said at a meeting in Nizhny Novgorod. The sum will include 3.5 billion rubles for Russia’s cash-for-clunkers program, 2.8 billion rubles to subsidize lending and 1 billion rubles to help transport vehicles to and from the Far East.

Putin said the government already spent 44 billion rubles to “stimulate” the industry this year, with about 8 billion allocated to boost Oleg Deripaska’s GAZ Group. 


Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.