21:28 GMT +323 September 2019
Listen Live
    Cars drive along the Garden Ring road, with a residential building at Kudrinskaya Square seen on the background, in Moscow, Russia

    Medvedev: Russian Government Plans to Increase Support for Auto Industry

    © REUTERS / Maxim Shemetov
    Get short URL

    The Russian prime minister announced that the government will increase it's support for the country's auto industry.

    GORKI, January 15 (Sputnik) — Russia's government will increase support for the country's auto industry, Russian Prime Minister Dmitry Medvedev said Friday.

    "If there were plans before to reduce support for the automotive industry, this cannot be done now, a decision has been made not only to maintain support, but to increase it. Such proposals have been prepared," Medvedev said.

    However, Russia's 2016 budget is in need of serious cuts and a range of project must be scrapped, the Russian prime minister noted.

    "We will assess which expenses can be cut and, unfortunally, they will have to be cut significantly this time," Medvedev said, adding that the government would decide what projects should be abandoned.


    Putin on Space Industry: Russian Rockets Must Be Reliable and Competitive
    South Africa, Russia Prepare Industrial Cooperation Memorandum
    Brazil, Russia Seek Intergrated Industrial Process - Brazilian Ministry
    No Concerns in Russia Over China's Military Industrial Complex
    Italy to Lose $3Bln Due to Anti-Russia Sanctions - Industry Confederation
    support, industry, auto market, Dmitry Medvedev, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik