MOSCOW. (RIA Novosti economic commentator...
automotive industry by increasing the customs duties on imported new and second-hand foreign cars to the prohibitive levels. As we see it, they proved right.Within a few months, 14 foreign auto corporate groups and Russian companies signed agreements of intent to launch car assembly projects on the terms of "industrial assembly." There were so many offers from foreign companies that Russian car market regulators had the opportunity to choose. Thus, the Chinese companies were forced to learn this summer that their services were no longer needed: none of the Chinese car manufacturers wishing to launch their car brands in Russia received the desired benefits. Meanwhile, the companies which can really contribute to the development of the Russian automotive industry received them with hardly any trouble at all.
Today, eight foreign car assembly projects are being implemented in Russia. Two more projects will be launched within the next two months: apart from Volkswagen,
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