“The parties reached an agreement in principle on the creation of the alliance and joint working groups of representatives of both companies began to formulate a common agenda for the alliance,” RIA Novosti reported, citing a source close to KamAZ.

The representative of Sollers confirmed that the parties began to discuss the creation of the alliance and specific areas of cooperation.

Earlier, Russian Deputy Prime Minister Dmitry Kozak said that he did not rule out the possibility that prices for cars imported into Russia could increase in 2020.