Automakers will receive state subsidies for transportation of export cars

Russian Automotive Market Research

The Ministry of Industry and Trade developed a draft decree, according to which Russian automakers with agreements on industrial assembly will be able to receive budget subsidies to compensate for expenses for transportation and certification of cars designed for foreign markets.

If the document is approved, automakers will be able to receive subsidies from the budget to reimburse 100% of expenses for bringing of products of the automotive industry to international standards (adaptation, tests and certification). In case of transportation of cars and components to border regions by land (rail and road, on their own) 60% of actually incurred costs will be compensated, 80% – in the presence of a certificate of origin CT-1. In case of transportation by sea a 50% compensation is expected.