INTERVIEW-UPDATE 1-Volvo sees Russian sales disappointing

* Volvo Trucks sees Russia sales up 25 percent in coming years

* Says Russia truck market sales to fall 20-50 percent in 2009

* Outlook disappointing, unsure when plant to reach capacity

By Simon Shuster

MOSCOW, Feb 25 (Reuters) - Sweden's Volvo Trucks expects disappointing sales growth of 25 percent on the Russian market to 15,000 vehicles in the next few years, the managing director of its Russian unit told Reuters.

"For sure we are disappointed, but you can't expect to grow 100 percent every year," Lars Corneliusson, managing director of Volvo's Russia unit, said in an interview.

He added that the Russian truck market as a whole can reasonably expect to see a decline in sales of between 20 percent and 50 percent in 2009.

This decline comes as banks cut off lending to many of Volvo's top Russian clients -- including in the construction, metals, cement and engineering sectors -- forcing them to freeze projects and delay the renewal of their vehicle fleets.

"Clearly the banks are not doing enough because there is not enough financing out there," Corneliusson said. "It puts tremendous uncertainty on an investment decision our customers would make."