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Russia Launches Probe into Substandard Low-Priced Parallel-Import Cars
2023-07-27 Russia / Local News / News
The Russian Federal Customs Service has recently initiated a special action to crack down on the illegal trade of vehicles imported from Kyrgyzstan and Armenia at understated prices. This move directly impacts buyers attempting to evade high tariffs by understating the vehicle costs. According to Viligenina Senforsenna, the head of…
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Driving Revival: Chinese Cars Lead the Resurgence of Russia’s Auto Factories
2023-07-26 Russia / Local News / News
China's Influence on Russia's Auto Industry: The Resurgence of the Moskvich The relaunch of the classic Soviet-era car, the Moskvich, by a state-owned company last November was hailed as a symbol of Russia's auto industry's resilience in the face of Western sanctions. Moscow's mayor, Sergei Sobyanin, praised the event, stating…
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Russian Car Market Makes a Strong Recovery, Surging by 50% — Industry Association Reports
2023-07-26 Russia / Local News / News
Russian Car Market Records 50% Recovery, Sales Reach Nearly 440,000 Units MOSCOW, July 19. The Russian car market has shown a significant recovery, growing by 50%, according to the President of the Russian Automobile Dealers Association, Aleksey Podschekoldin, during a press conference on Wednesday. "The current situation indicates that the…
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Kyrgyzstan announces strengthened control over Russia’s re-export trade
2023-07-26 Russia / Local News / News
Introduction: In recent times, there have been speculations regarding the possibility of products supplied to Russia through certain countries, including Kyrgyzstan, facing sanctions due to Russia's military actions and growing trade with Central Asian nations. Amid these concerns, the United States has been considering the implementation of sanctions against Kyrgyzstan.…
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Chinese Automakers Secure 50% Share of Russia’s Auto Market
2023-07-24 Russia / Local News / News
Chinese carmakers have significantly increased their presence in the Russian auto market, capitalizing on the departure of Western carmakers following the Ukraine invasion. In June, approximately 40,000 Chinese cars were imported, accounting for nearly half (49%) of Russia's market share, a substantial increase from 31% at the end of last…
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Russia to Seize Parallel-Imported Cars and Heighten Vigilance against Counterfeit Used Car Exports
2023-07-24 Russia / Local News / News
Recently, the Federal Customs Service of the Russian Federation has launched a special operation to crack down on the illegal trade of vehicles imported from Kyrgyzstan and Armenia at undervalued prices. This action directly impacts buyers who attempt to evade high tariffs underreporting the prices of imported cars. According to…
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