Car dealerships in Russia are closing in their hundreds as the country's economic crisis continues to deepen. Late last year, the Russian Central Bank raised interest rates to a record high of 21% ...

Russia’s production and market of cars is currently 50-60% higher than in the same period in 2023, while Russian cars already account for slightly over half of the market, Denis Manturov noted ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...