The number of luxury cars in Russia surged last year despite Western sanctions in retaliation to Moscow’s invasion of Ukraine, the RBC news website reported Monday, citing an analysis of federal tax audit data.
The number of cars with a sticker price of 10 million rubles ($98,500) or more increased by 22% from 2021-2022, reaching an overall total of 19,800. The number also marks a 250% increase from the pre-pandemic year of 2019.
“The upward trend could be reversed…
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