Russia to Curb Government Procurement of Imported Cars

Newswire

* New legislation aims to help sales of cars produced domestically * Weaker rouble fuelling prices for imported parts, cars * Consumer confidence hurt by weaker rouble, economic slowdown (adds backgroung, more detail) MOSCOW, March 24 (Reuters) - Russia plans to restrict state procurement of imported cars in a move that is aimed at helping carmakers which produce domestically to weather a slump in demand. Car sales have been falling as Russia's economy falters and a sharp depreciation of ...

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