GAZ Group’s debt to banks currently amounts to 42bn rubles, Valery Shantsev, governor of the Nizhny Novgorod Region, told Prime-Tass on Tuesday.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


GAZ Group is based in the Nizhny Novgorod Region. Shantsev said the group had signed restructuring agreements with 11 out of its 13 creditor banks.


He also said that he expected the group to become profitable in June.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact