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Russian automotive production will more than halve this year due to sanctions against Russia, the head of Russian carmaker AVTOVAZ, Maxim Sokolov, said at last week’s St Petersburg Economic Forum (SPIEF). “There is a consolidated forecast on this topic, and we adhere to the position of the Ministry of Industry and Trade that this year the market will fall by a little more than 50%,” he said in an interview with RBC TV. “Maybe even somewher…
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