Automobile dealers in Russia are closing hundreds As the ECONOMIC CRISIS The country continues to deepen. It has cost almost three years since the Federation invaded Ukraine but, little by little, They begin to make real dent In the country.
At the end of last year, the Central Bank of Russia raised interest rates to a historical maximum of 21% In an attempt to control the growing inflation and the increase in these rates has affected the companies and citizens equally, damaging both business and consumer confidence.
“For Russian companies, high interest rates suppose An existential threatsince they have difficulty paying their loans, “explains the British newspaper .
Meanwhile, Russian consumers find increasingly difficult to obtain credit from your banks. As a result, citizens have to cut their expenses, which is causing a plummeting drop of consumer sales.
The Russian car industry is the last sector to feel the cold winds of the growing economic storm, strongly. Report data Autoleasing y AutoBusiness Review Gazprombank show that 449 concessionaires who sold Chinese cars were forced to close last year in the Russian territory.
This figure is higher than that of 2023, which was already a bad year, and things seem to get worse in the current economic climate. The report says that It is likely that passenger cars sales in 2025 decrease another 10% this year.
Meanwhile, Russia’s metallurgical industry also faces a pronounced fall in its production as the demand for its products decreases. According to an outstanding economic expert, Western sanctions, which are beginning to feel, are the main cause of the recession.
former director of the National Bank of Ukraine, said that The production of steel, nickel, copper and paladium is “falling” and it is a symptom of a “deeper economic collapse”. In a publication in his social media account X, he wrote: “The sanctions They have isolated Russia of the key western marketsand his turn to Asia is not functioning as expected.
“The internal demand is also falling Due to the high interest rates and an economy driven by the crisis. This is not just a bad year; It is a long -term trend that indicates a deepest economic deteriorationwith an industrial production that will continue to decrease, “he concludes.
