The Minister spoke about the imminent price increase on cars

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www.vsyako.netPhoto: Viktor Korotayev / Kommersant

The increase in Russia of utilization fee for cars will increase their prices by 1.5-2 percent. About it reports “Kommersant” with reference to the statement of Minister of industry and trade Denis Manturov.

According to the Minister, for some categories of vehicles increasing the utilization fee from 1 January 2020 may exceed 120 percent. Indexing is related to the level of industrial inflation and exchange rate changes of the ruble, said the head of Ministry of industry and trade.

On the proposal of the Ministry of industry to increase the recycling fee in Russia on 1 January it became known the day before. It was reported that on average, the collection could grow 80 percent to cars by 110 percent. The measure is intended to offset the September decline in import duties in the framework of the world trade organization (WTO). Analysts have estimated the potential growth of prices for cars from the of the fee increase by 2-4 percent.

The recycling fee introduced in Russia in 2012 and has since been repeatedly increased. It immediately began to treat as compensation for the reduction of duties after Russia’s accession to the WTO. First, the fee paid only by importers, but in 2014 it formally extended to the rest of the market. Localized in Russian automakers in return for subsidies.

Video, photo All from Russia.

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