Ints Kalnins/Reuters

New cars are parked at a storage yard in front of a cargo vessel in Sillamae port, about 109 miles from Tallinn. About 38,000 cars are currently waiting to be exported to Russia. The collapse of the Russian car market deepened in March as sales of new cars decreases by half.

It's too easy to forget that the economic downturn isn't limited to the U.S. It's being felt all over the world.

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