Putin is on a roll with biting the hand that feeds him
Straight_Ad2258 on
Translating from Kremlinspeak: Chinese truck-makers are wiping the floor with Russian truck-makers
>Kamaz said Russia’s market for trucks over 14 metric tons had slumped by 60% in the first half of this year and identified two leading causes.
>”1. The short-sighted policy of importers of foreign equipment, who, despite all forecasts of a declining market, imported an excessive amount of equipment last year,” Kamaz said on Telegram.
>2. The central bank’s monetary policy, which has led not only to the impossibility of purchasing new equipment with the help of financial tools like credit and leasing, but is also forcing transport companies and others to return equipment leased last year to the lessor.”
This part is insane
>Kamaz said over 30,000 trucks were sitting in warehouses with no demand even at dumping prices and equipment was being offloaded at well below market value
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Putin is on a roll with biting the hand that feeds him
Translating from Kremlinspeak: Chinese truck-makers are wiping the floor with Russian truck-makers
>Kamaz said Russia’s market for trucks over 14 metric tons had slumped by 60% in the first half of this year and identified two leading causes.
>”1. The short-sighted policy of importers of foreign equipment, who, despite all forecasts of a declining market, imported an excessive amount of equipment last year,” Kamaz said on Telegram.
>2. The central bank’s monetary policy, which has led not only to the impossibility of purchasing new equipment with the help of financial tools like credit and leasing, but is also forcing transport companies and others to return equipment leased last year to the lessor.”
This part is insane
>Kamaz said over 30,000 trucks were sitting in warehouses with no demand even at dumping prices and equipment was being offloaded at well below market value
https://www.reuters.com/markets/europe/russias-kamaz-shorten-work-week-due-truck-market-crisis-2025-07-25/
While trail freight keeps dropping. Perfect timing
Is this net good or net bad from a neoliberal moral perspective?