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Russia to subsidize car industry
Last Updated: 2014-01-20 23:03 | Global Times
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Russia plans to support its struggling auto industry with subsidies of up to 271 billion rubles ($8 billion) in the three years to 2016, the government said Monday.

Russian car sales fell in 2013 and face another weak year as a stuttering economy puts off buyers, according to lobby group the Association of European Businesses.

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