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Russian car dealers go into agriculture

5 May 2017

• 5 May 09:42

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he crisis in the Russian car market, already in its fourth year, has forced car dealers to look for new business ideas, and agriculture has popped up as a surprise investment opportunity. Russian car dealers are looking at farming as a saviour. Source: Yegor Aleyev/TASS Over the past three years the Russian car market has shrunk by more than 50 percent — from nearly three million cars sold in 2013 to 1.42 million in 2016. The "Crimean Spring," Western sanctions, and above all, the devaluation of the Russian ruble, which has almost halved against major world currencies, has led to a catastrophic situation in the car industry. But while some. Read more...