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AEB and ROAD signed the Memorandum of Understanding


On 11 April 2018, the Association of European Businesses (AEB) and the Russian Automobile Dealers Association (ROAD) signed a Memorandum of Understanding aimed at creating fair, open and bona fide rules of competition on the Russian new car sales market.

The ceremony was held within the framework of the 6th ROAD Convention.

On behalf of the Association “Russian Automobile dealers” the Memorandum was signed by Oleg Moseev, President, and Lola Sosnovskaya, Executive Director.

From the AEB side the document signed Frank Schauff, CEO, and Joerg Schreiber , Automobile Manufacturers Committee Chairman.

The Good Practices of automobile manufacturers/distributors combine provisions of the Code of Conduct and Recommendations for possible implementation of its conditions earlier approved by the FAS and joined by 21 members of the AEB Automobile Manufacturers Committee. 
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The Good Practices of official dealerships is a newly developed document which, like the Good Practices of automobile manufacturers/distributors, sets the minimum standards that respective participants of the Russian new car sales market should observe.