The ruble recovered in recent months considerable against the USD and obviously more so against the Euro which push against inflation. Much depends of course on the commodity prices, especially oil and the depth of the Russian recession.
The state is under increasing pressure to act as the lender or equity injector of the last resort for the many businesses just above water.
Of course it was easy to predict that due to the high foreign portion of the value chain costs would be driven up by the ruble rout. Factor in the expected contraction of demand and it becomes quite a problem...Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies, the government said Thursday, in a bid to support an industry struggling to cope with the country's economic downturn.
However, the industry is only expected to return to growth in 2016 and is therefore likely to need more government support than the measures announced on Thursday.
In addition to lower sales car producers have seen their margins fall by 10 to 15 percent as a result of the ruble weakening, which has increased the cost of imported components, as well as higher metals prices, the government said on its website.
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