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Reuters
Russian car sales down 58.8% in 2022 as sanctions hit industry hard
MOSCOW (Reuters) -Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses (AEB) said on Thursday, as the industry reels from the impact of Western sanctions on Moscow. Several Russian auto makers suspended production for periods of last year as the industry struggled to source parts and establish new supply chains following the imposition of the sanctions over Moscow’s military actions in Ukraine. “The issues with sanctions and unprecedented pressure on the Russian market on all fronts, of course, could not but affect the automotive industry,” the head of the AEB’s automobile committee, Alexey Kalitsev, told a briefing.
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