Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses (AEB) said on Thursday.
Author of"The Coming Collapse of China" Gordon Chang joins 'Cavuto: Coast to Coast' to discuss the partnership between Russia's Vladimir Putin and China's Xi Jinping, a potential spring meeting and Biden's attitude towards China
Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses said on Thursday, as the industry reels from the impact of Western sanctions on Moscow.production for periods of last year as the industry struggled to source parts and establish new supply chains following the imposition of the sanctions over Moscow's military actions in Ukraine.
This photograph taken on January 5, 2023, shows car passing along a street leaving a light trails in front of a Stalin-era building in Moscow. "The issues with sanctions and unprecedented pressure on the Russian market on all fronts, of course, could not but affect the automotive industry," the head of the AEB's automobile committee, Alexey Kalitsev, said in a briefing.
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