Business · Economy · 18 hrs ago
Russia to restart subsidised car loans from December 1
Russia will restart subsidised car loans on December 1 using funds set aside in the 2027 budget.
The proposal was put forward by the Industry and Finance ministries and backed by First Deputy Prime Minister Denis Manturov.
The scheme gives eligible buyers discounts on down payments for qualifying Russian-made cars priced up to 2 million roubles.
The cars must meet a localisation threshold, and discounts can range from 10% to 25%.
The programmes ran out of this year's funding in September, after supporting sales of about 123,000 cars through loans and nearly 55,000 through leasing.
The return may help some Russian carmakers sell more cars, although an analyst says it is unlikely to change the market much overall.
One account says subsidised leasing will restart too, while another describes only the loan programme; the proposed 2027 budget also sets lower funding limits for both measures than the current budget.
Russia will restart its subsidised car-loan programme on December 1, 2026, using funding from the 2027 budget.
First Deputy Prime Minister Denis Manturov said the government had backed a proposal from the Industry and Trade Ministry and the Finance Ministry.
The programme had been suspended after its funding for 2026 ran out.
The ministries reported 123,000 cars sold through subsidised loans and 54,800 through subsidised leasing in the first nine months of 2026.
The draft 2027 budget provides 7 billion roubles for subsidised car loans, down from 20 billion roubles planned in the current budget.
- Who
- Russia’s government, following a proposal from the Industry and Trade Ministry and the Finance Ministry.
- What
- The subsidised car-loan programme will restart. One source also reports a proposal to resume subsidised leasing.
- When
- December 1, 2026.
- Where
- Russia.
- Why
- The programme was suspended after its 2026 funding limit was exhausted; the restart will use funding from the 2027 budget.
This story does not have two clearly opposing sides.
The Industry and Trade Ministry suspended the support programmes after their funding was exhausted.
Manturov said the government had backed the proposal to resume subsidised car loans from December 1 using 2027 budget limits.
The subsidised car-loan programme is due to restart.
- Restart date
- December 1, 2026
- 2027 car-loan funding
- 7 billion roubles
- Cars sold through subsidised loans
- 123,000 in the first nine months of 2026
- Vehicles sold through subsidised leasing
- 54,800 in the first nine months of 2026
- Current-year loan funding
- 20 billion roubles
3 sources
What people are saying
We have already exceeded this year's targets overall, reaching 178,000 cars sold under the two programmes — car loans and car leasing.
This will be good support for our car manufacturers and for the category of citizens who can use this programme.