Deputies of the State Duma of Russia from the LDPR proposed to temporarily abolish customs duties on the import of cars into Russia until January 1, 2024. In their opinion, this would make it possible to fill the shortage of cars in the country and contribute to lower prices, or, as a compromise, introduce a reduced rate of 5% for individuals
In order to prevent duty-free importation from provoking an imbalance of supply and demand, deputies of the State Duma of Russia from the Liberal Democratic Party proposed three restrictions on this decision: that one citizen could import a maximum of three cars per year, and the age of these cars should not exceed 10 years, and the total cost should be less than 10 million rubles.
At the same time, deputies of the State Duma of Russia from the Liberal Democratic Party understand that there are few real chances for a complete abolition of duties. For this reason, they also offer a compromise option - to reduce duties or introduce a preferential rate of 5%, which can be used by individuals who import foreign cars for personal purposes. It also does not exclude the creation of a separate list of cars that could be imported into Russia on preferential terms.
According to the authors of this initiative, the restoration of the Russian auto industry, with the right approach, could take about a year and a half. It should be noted that the matter did not go further than these discussions, and whether the LDPR initiative has at least some chance of success is still unclear, however, with the approval of this initiative, China may become the main supplier of cars to Russia.