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stocksJun 4, 2026, 4:41 AM

KAMAZ Cuts 2026 Investment Budget by Two-Thirds on Debt Concerns

KAMAZ has reduced its 2026 investment budget by two-thirds due to rising debt, according to CEO Sergey Kogogin. The company is focusing on operational efficiency and continuing to develop its product lineup.

KAMAZ, the Russian truck manufacturer, has slashed its investment budget for 2026 by two-thirds amid growing debt levels, CEO Sergey Kogogin said in an interview with RBC on the sidelines of the St. Petersburg International Economic Forum (PMEF).

Despite the sharp reduction, Kogogin noted that the company is working to improve operational efficiency and continues to invest in the development of its model lineup. The move comes as KAMAZ faces increased financial pressure from rising indebtedness.

No further details on the exact budget figures or debt amounts were disclosed in the interview.

Source: MarketTwits