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With Russia's domestic car industry crippled by Western sanctions, the sales of used cars are surging. Japan accounts for more than three-quarters of those imports.
www.reuters.com
Sales of new cars produced in Russia have slumped since Moscow sent tens of thousands of troops into Ukraine in late February, with sanctions limiting access to parts and several foreign producers suspending operations in the country. Their withdrawal, along with the stronger rouble has pushed up demand for used cars from Asia, with logistical challenges partially to blame for prices being about 10% higher in September than the start of the year, the central bank said late last month. [...] The vast majority, 76%, of used cars were imported from Japan, with Belarus distant second with a 5.3% share, the data showed. [...] The West has sanctioned the export to Russia of some materials used in car manufacturing, while production halts have further hobbled the sector. Japan has sanctioned the export of high-value cars to Russia, but used cars imported by individuals fall outside the sanctions remit. Moscow is also promoting a grey imports scheme to allow supplies of goods to continue.

Russia turns to Japan for used car imports as domestic production slumps
With Russia's domestic car industry smarting from the impact of Western sanctions, sales of used cars are leading a relative resurgence, with Japan accounting for more than three quarters of those imported, according to data shared with Reuters.