'Cash for clunkers' reaches Russia

Scheme provides cash incentives to trade in old cars for new, more fuel-efficient ones.

    " /> ">

    For the first time, Russia has used "cash for clunkers", a government programme that provides economic incentives to residents to trade in their old cars and purchase brand new and more fuel-efficient vehicles. 

    The scheme, formally known as the Car Allowance Rebate System, was first initiated by the US in 2009 and spread abroad since.

    Cash for clunkers has been promoted as a means to stimulate the economy and put more environmental-friendly and safer vehicles on the roads.

    It has been a big success in almost every country it has been used and it is no surprise Russians are now getting on board.

    Al Jazeera's Neave Barker reports on the scheme from Moscow, Russia's capital.

    SOURCE: Al Jazeera


    Why some African Americans are moving to Africa

    Escaping systemic racism: Why I quit New York for Accra

    African-Americans are returning to the lands of their ancestors as life becomes precarious and dangerous in the USA.

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    North Korea's nuclear weapons: Here is what we know

    North Korea's nuclear weapons