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Car sales collapse over 62% in Russia

Posted On: Mar. 8, 2023 9:41 AM CST

According to the Association of European Businesses, car sales in Russia declined by 62% year-on-year to 41,851 in February amid Western sanctions, XM reported citing Reuters. The car industry in Russia was earlier heavily reliant on Western investment, supply chains and parts as well as joint partnerships, all of which are extremely disrupted now.