After coming to a total stand still in the months after the invasion of Ukraine two years ago, Russia’s automotive sector has almost made a complete recovery and is on course to sell 1.3mn cars this year. Passenger car and light commercial vehicles (LCVs) sales in Russia grew by 102% in March 2024 y/y and by 86% year on year in 1Q24, to 150,640 sales according to the latest report by the Association of European Business’s Automobile Manufacturers Committee (AEB) Automobile Manufacturers’ Committee that tracks car sales.(chart) The all-time high was set in December 2019 with 179,000 sales. This…