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Russia’s red light turns amber for auto industry investors

As the crisis in Russia bottoms out, the government has configured a new strategy to revamp its automotive industry over the next decade. Freddie Holmes finds out more

Earlier in January 2016, Russian President Vladimir Putin instructed his government to revamp the automotive industry by 2025. The initiative comes as the economy suffers through a second year of decline, and is a view to sustaining long-term success.

It is not the first time the Russian automotive sector has been in turmoil. Following the last global market crash, Russian new car sales totalled only

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