"If the ruble’s exchange rate rises, it will limit imports, enabling truly localized carmakers to sell their products in larger volumes on their own markets," Maksim Sokolov said

"If the ruble’s exchange rate rises, it will limit imports, enabling truly localized carmakers to sell their products in larger volumes on their own markets," Maksim Sokolov said

Russian carmaker AvtoVAZ will scale back its 2026 production plans after weaker-than-expected demand for its Lada vehicles abroad, the company's president said, highlighting…