1 Sep 2014 15:33

Putin certain of profitability in producing Sollers vehicles in Far East

YAKUTSK. Sept 1 (Interfax) - Russian President Vladimir Putin said he was certain there was a market for Sollers in the Far East.

"I think there will be a market and you will also earn in the Far East. I don't even doubt this," he said at a meeting to discuss government support for priority investment projects and the Far East.

Putin added that when the decision was made to launch automobile production in the Far East, there was an agreement that the government would help and provide subsidies until a certain point in time.

"For our part, we are carrying out what we talked about. I am happy to say that you and your company are meeting your development obligations," Putin told Sollers CEO Vadim Shvetsov.