Russia may open up markets for foreign locomotive manufacturers

According to the Interfax news agency, Russian Deputy Prime Minister Sergei? Ivanov said in the Ministry of Transport a few days ago that if the price of motorcycles in Russia continues to rise, it may open up markets for foreign motorcycle manufacturers.

He said that in order to deal with the economic crisis, the Russian government has protected Russia's locomotive manufacturers by providing financial subsidies and guaranteeing orders. However, after the crisis, the phenomenon of no drop in locomotive prices, no increase in output, and no improvement in quality has not changed.

At present, Russia imposes a 10% import duty on locomotives.

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