
60% of Russia’s car dealerships facing imminent bankruptcy
A combination of a rapidly slowing economy and excessively high interest rates has effectively killed the Russian auto industry, with industry leaders calling for government bailouts. Around 60% of Russia's car dealers now face bankruptcy if government fails to step in with large scale bailouts of the industry, according
5 days ago | 5 min read

Related Stories
3 weeks ago
Russian oil industry continues to spiral, new drilling down -12.3%
Loading local time... Newly commissioned oil wells in russia again drops, another -12.3%. More pain for Russia’s beleaguered oil industry today...
3 weeks ago
Another disaster for Putin as Russia's colony of Transnistia has only two weeks of gas remaining
Loading local time... Transnistria has less than two weeks of gas before Moscow needs to make big decisions. Let the colony go or pay hundreds of millions...
1 month ago
Russia's largest cities Rocked by Wave of Coordinated Arson and Explosions
A string of arson attacks and explosions swept across multiple Russian cities on Saturday, raising questions about the scale and coordination of these...
1 month ago
Mass Layoffs Begin In Russia’s Coal Industry
A little over three weeks ago, we flashed the warning light on the Russian coal industry, outlining that the drop in production combined with the inability...
1 month ago
Another of Putin's henchman assassinated in Moscow
Less than a week after one of Russia’s lead missile designers is killed in Moscow, Senior General Igor Kirillov, head of Russia’s Nuclear, Biological,...
1 month ago
Russia's Food Price Inflation Soars to Staggering 48.8% in Six Months
In yet another symptom of Russia's deepening economic crisis, food price inflation has surged to an alarming 48.8% in just six months, according to latest...