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Development of Russia’s Automotive Industry under Sanctions and New Challenges

Author

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  • Oleg Sergeevich LAVROV

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

This paper examines the current state and prospects for Russia’s automotive industry under the sanctions imposed by the countries of the collective West in 2022. The size and structure of the car passenger vehicle fleet, the dynamics of sales, production and imports of passenger cars are considered. The reaction of international automotive holdings and their actions to leave the Russian market due to sanctions pressure are analyzed. The author’s position on the new Strategy for the Development of the Automotive Industry until 2035 is presented; the importance of restarting production sites with the help of technology partners from neutral countries is noted.

Suggested Citation

  • Oleg Sergeevich LAVROV, 2023. "Development of Russia’s Automotive Industry under Sanctions and New Challenges," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 11, pages 88-104, November.
    • Handle: RePEc:alq:rufejo:rfej_2023_11_88-104
    DOI: 10.24412/2072-8042-2023-11-88-104
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