Russians to subsidize the 8% rate on the loan to the domestic auto

The government subsidizes citizens pay about 8% rate on the loan for the purchase of domestic vehicles. This was announced today by the Prime Minister Vladimir Putin at government meeting. "Under whatever rate or take (a citizen), car loan, we will subsidize it" - he stressed. Earlier in the meeting on further measures to stabilize and improve the situation in the Russian automobile industry in Naberezhnye Chelny premier explained that in the case of subsidized interest rates we are talking about cars the most mass market - worth up to 350 thousand rubles. The subsidy will be two-thirds of the refinancing. "Thus, an average of 8% on the interest rate of each loan will pay the state", - explained in . Putin. Putin noted that this measure will be effective only in 2009. "Those who are going to buy a car, it's better to do it in 2009." - he concluded.