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Russian PM agrees program of car industry backing be continued till end of 2015

© Alyona Seleznyova/TASS

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ZHELEZNOGORSK /Kursk Region/, September 25. /TASS/. Russian Prime Minister Dmitry Medvedev has agreed to extend the program of car sector backing till the end of 2015. "I consider it possible and right to redistribute the funds /on development of economy in general and of car sector in particular/ and extend the program till the end of the year in order to support producers /on the one hand/ and provide citizens with an opportunity to acquire discounted cars on the other hand," Medvedev said at a meeting with Russian Industry and Trade Minister Denis Manturov.

Earlier decisions on a number of programs to support car sector were taken, among them subsidized auto lending, subsidized leasing and others, Medvedev said. "I have to admit that the programs are effective enough," he said, though adding that "for obvious reasons the funds are not without dimension and the program is almost over."

He also asked Manturov what his suggestions regarding the future of those programs are. "I suggest that those supportive measures should be extended till the end of the year by allocating certain amount of funds from the fund you set up for backing the economy," the Minister said.

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Dmitry Medvedev Car Industry

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