AvtoVAZ: 90% of funds are “washed out” from Russia abroad, the plant financially controls only 9% of the car market

by alex

Maxim Sokolov made a statement

AvtoVAZ in quantitative terms occupies about a third of the Russian market of new passenger cars, but financially controls a share of only slightly more than 9%.

This statement was made by the head of the company, Maxim Sokolov, at a meeting of the Expert Council under the Committee on Industry and Trade of the State Duma of the Russian Federation, which we already wrote about today.

According to Maxim Sokolov, 90% of funds in the domestic automobile market are «washed» from Russia abroad. The head of AvtoVAZ called this situation a threat to the existence of the Russian automobile industry.

At the same meeting, an initiative was put forward for a systematic increase in the recycling fee, which “should stimulate investment by foreign companies in the creation and development of local production.”

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