The Ministry of Industry and Trade assessed the possibility of reviewing benefits for recycling

The Ministry of Industry and Trade does not plan to revise the parameters of preferential recycling rates for individual importers. Anton Alikhanov, the head of the department, told reporters about this during a press briefing, the Izvestia correspondent reports.

"We do not see any prerequisites for lowering the 160 horsepower limit, at which preferential recycling rates are maintained for individual importers who import cars for personal use. This issue is not even being discussed," stressed the Minister of Industry and Trade of the Russian Federation.

Separately, Alikhanov spoke about the impact of recycling on the market and car prices. According to him, it is not the amount of scrap that has a greater impact on cost fluctuations, but the volatility of exchange rates, logistics costs and the rate on car loans. The head of the Ministry of Industry and Trade noted that innovations may affect the cost of private imports, especially sanctioned foreign cars.

"At the same time, based on the dynamics of prices at authorized dealers, after two indexation steps, which took place in October last year and in January this year, we did not see a dramatic increase in prices, which was predicted by a number of experts. At the same time, we ensure that adjustments to the recycling process do not significantly affect the cost of domestic cars, as we provide our manufacturers with a range of industrial subsidies," he stressed.

Read more in the exclusive Izvestia article:

A protective measure: how will the new recycling facility affect the market and car prices