ST. PETERSBURG – Global automakers operating in Russia may formally protest government plans to significantly increase the vehicle-recycling tax, arguing it will raise car prices in a market already in a prolonged slump. The Ministry of Finance proposes raising the tax, also called a utilization fee, 20% to 25% mainly in response to the devaluation of the ruble as the country’s economic crisis stemming from Western sanctions continues. A ministry spokesman says the increase is ...

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