OREANDA-NEWS. The Ministry of Industry and Trade plans to introduce subsidizing of lending rates for individuals abroad to buy Russian cars, said head of the ministry Denis Manturov by the results of the meeting of the Presidium of the Presidential Council for Strategic Development and Priority Projects.

According to the Minister, it is due to the difference in the rates of loans issued by foreign banks for Russian and foreign cars. As an example, the minister led loans for the purchase of cars LADA Vesta, which individuals abroad can receive at 4 - 5% per annum in foreign currency. "At the same time, other foreign brands [cars] are granted on credit at 0.2-0.5%, not more than a percent," - he said.

"Therefore, we will subsidize in the same way as it does in our country," - said Mr. Manturov. He added that "this measure on preferential lending has proved itself well" and the ministry wants to use it in international markets.