The Russian Government has just updated the current program to support automotive industry.

In 2009 from the federal budget are allocated grants to the Russian banks which have extended credits to individuals for acquisition of cars.

According to the changes, the indicated grants are granted regarding compensation of dropping out incomes under credits of individuals for acquisition not only passenger vehicles, but also other Russian cars.

Cost of the car should not exceed 600 thousand rbl. (instead of 350 thousand as earlier), and complete weight - no more than 3,5 tons. The list of such vehicles advances Ministry of Industry and Trade of Russia. The advance payment under the indicated credits should be introduced by individuals at a rate of not less than 15 % from motor vehicle cost, instead of 30 %, as earlier. Term of the credit agreement cannot exceed 36 months. 

According to the order such grants can be receipt not only the by the Russian credit organisations with 50 % sharing of the Russian Federation or the Central Bank of Russia (and their affiliated companies), but also by the credit organisations, which equity capital as of April, 1st, 2009 is not less than 70 billion rbl.

The Governmental order of the Russian Federation of July, 7th, 2009 N 548 "On modification of the governmental order of the Russian Federation of March, 19th, 2009 N 244".