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April 16, 2010

RUSSIA: Government to subsidise shipments of cars from ‘far east’

Russia's government has approved a measure that will allocate some 500 million roubles for shipping vehicles from Russia’s 'far east' to European Russia in 2010, according to local media reports.

Russia’s government has approved a measure that will allocate some 500 million roubles for shipping vehicles from Russia’s ‘far east’ to European Russia in 2010, according to local media reports.

Reports says that the funds will be used to ship cars from the Sollers plant in Vladivostok.

The government is also keen to prevent large-scale imports of used cars into Russia’s far eastern region.

The new plant produces Ssangyong off-road vehicles and Isuzu trucks.

The output of the plant is expected to grow from 15,000 vehicles in 2010 to 40,000 vehicles annually in 2012.

But not all the firm’s output can be sold locally. Sollers and the local authorities in Vladivostok have asked Moscow for subsidies to compensate the shipment of new vehicles across the country to European Russia.

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