Russian car sales plummet as the West hits the Kremlin with sanctions

Moscow’s invasion of Ukraine continues to hurt the Russian economy as new car sales in the country plummeted by nearly 63% in March compared to the same month in 2021, data revealed on Wednesday. , amid parts shortages and company withdrawals triggered by Western sanctions. . The massive drop in the car and light commercial … Read more

Car sales plunge as the West hits Russia with sanctions

New car sales in Russia fell nearly 63% year-over-year in March, industry data showed on Wednesday, as the West hits the country with sanctions over Moscow’s military campaign in Ukraine. The massive drop in the car and light commercial vehicle segment comes after Russian troops entered Ukraine on February 24, prompting harsh Western sanctions, including … Read more