RUSSIA ECONOMY CARS

Sales of Chinese car brands increase in Russia

epa10929110 The logo of Chinese car brand Chery on a store of AvtoRus dealer in Podolsk, outside Moscow, Russia, 20 October 2023. A number of international brands announced the suspension, limitation or closing of their operations in Russia as part of the economic sanctions imposed by the West on Russia, due to the start of Russia's 'Special Military Operation' in Ukraine in February 2022, which had a significant impact and increased the sales of Chinese car brands. According to the Russian analysis center Autostat, Chinese cars in the Russian market in 2023 is projected to reach 40 percent, although at the beginning of 2022 it was less than 10 percent. EPA/MAXIM SHIPENKOV

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