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Van maker GAZ might get Russian govt support as it struggles through sanctions

Devdiscourse News Desk | Updated: 17-05-2019 19:54 IST | Created: 17-05-2019 19:33 IST
Van maker GAZ might get Russian govt support as it struggles through sanctions

Russia's Industry and Trade Ministry plans to ask the government to consider state support for van maker GAZ, which is under U.S. sanctions, TASS news agency cited Industry and Trade Minister Denis Manturov as saying on Friday.

Russian businessman Oleg Deripaska's GAZ Group is seeking 30 billion roubles ($464 million) in support from the government, citing the risk of a 40 per cent drop in second-half output, Kommersant newspaper reported last month.



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