Moscow. the 14 th of July. INTERFAX.RU – The Ministry of Industry and Trade of Russia resumes the implementation in 2022 of programs to stimulate demand for Russian-made cars with a total budget of 20.7 billion rubles .

„Leading Russian banks and leasing organizations have confirmed their readiness to ensure the launch of preferential car loans and preferential leasing programs in the second half of July 2022,” the ministry’s press service said.

Under the terms of the preferential car loan program, the discount subsidized from the federal budget will be up to 20% of the cost of the car, and for cars sold in the subjects of the Far Eastern Federal District – 25% to compensate for the cost of delivering cars from the European part of Russia.

“All UAZ, Lada, GAZ models worth up to 2 million rubles will participate in the preferential car loan programs, as well as all Evolute brand electric vehicles manufactured at the Motorinvest plant in Lipetsk, which are subject to an increased discount of 35% of the cost of the car, but no more 925 thousand rubles,” said Denis Manturov, head of the Ministry of Industry and Trade, quoted by the press service.