Russia: Government may extend scrappage incentive

Russia's ministry of finance has said that the government may spend an additional Rubles 5bn (US$176m) in 2011 to extend its cash-for-clunkers programme. The government had originally intended to end the programme in April 2011. Bloomberg, citing a ministry official, said the Russian government may earmark funds to provide incentives for Subscribe to Automotive World … Continued

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• March 25, 2011