Russia expects vehicle scrappage fee revenues to rise despite drop in sales
NeutralFinancial Markets

Russia anticipates an increase in revenues from its vehicle scrappage fee, even as sales in the automotive sector decline. This is significant because it highlights the government's strategy to boost revenue through environmental initiatives, despite the challenges faced by the industry. The scrappage fee aims to encourage the replacement of older vehicles, which could lead to a more sustainable automotive market in the long run.
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