Russians shift to used cars as prices on new models soar

Sales of second-hand automobiles accounted for almost 75% last year, recent data shows Spending on new cars in Russia more than halved last year due to the impact of Western sanctions and to surging prices, Reuters reported on Friday, citing analytical agency Autostat.

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Zelensky ‘in very difficult situation’ – Kremlin

Kiev’s “sponsors” are running out of ammo as Ukrainians question the need for further bloodshed, Moscow has said Ukrainian President Vladimir Zelensky is “desperately” seeking to return to a situation in which Kiev enjoyed “unlimited” funding and weapons supplies from the West, Kremlin spokesman Dmitry Peskov said on Tuesday. This will “never happen again” because…

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UK factories facing bleakest winter in 50 years – Bloomberg

The British manufacturing industry is facing its worst winter since the 1970s as spiking energy costs could result in blackouts and shutdowns, Bloomberg reported on Friday. The report indicated that the latest purchasing managers’ index, which was published on Thursday, confirmed the steepest contraction in production since the depths of the coronavirus lockdown in May…

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