What Trump said to Macron in Rome: Lip reader deciphers his words
Russia’s largest truck maker KamAZ sees profits plunge to record low due to sanctions
Over the past year, the profit of Russia’s largest truck manufacturer, KamAZ, plummeted 28-fold, primarily due to sanctions imposed on Russia
client/title.list_title
This was reported by the Center for Countering Disinformation.
The company's net profit for the past year was 731 million rubles (approximately $8.6 million), a significant drop from 20.4 billion rubles (over $240 million) in 2023.
KamAZ acknowledges that the sharp decline in profits is due to rising credit costs and increased taxes. The company also faces tough competition from Chinese automakers offering much lower prices.
The Center emphasized that the automotive industry in Russia is now in a survival mode due to sanctions. "The Kremlin continues to spend vast resources on the war, leaving even strategically important enterprises like KamAZ without support," added the Center for Countering Disinformation.
- In 2023, KamAZ was Russia's largest truck manufacturer, commanding the biggest share of the entire market.
Leave a comment
Read also:
- News
2025, Sunday
27 April
17:48
Exclusive
Trump Administration repeats mistake by flirting with Russian relations reset – Herbst
15:57
Journalist on rare earth metals deal between U.S. and Ukraine: Story has slightly anecdotal nature
14:15
Exclusive
Giving up four regions means delaying Ukraine's final disappearance from world political map — Portnikov on Kremlin demands
11:33
Russia attacks Ukraine with strike drones at night: man killed and child injured in Pavlohrad, civilians wounded in Odesa, Zhytomyr, and Sumy regions
11:00
Russian army loses MLRS, 8 tanks, and 1,030 soldiers in one day on the frontline - General Staff
2025, Saturday
26 April
19:05
Exclusive
Trump sets record for lowest 100-day approval rating among U.S. presidents - professor
16:45
Exclusive
Zelenskyy’s quick criticism of Trump strains Ukrainian-American relations — former U.S. Ambassador
