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Title: Rostec Talks on Plane Construction With Canada’s Bombardier Halted
Source: [None]
URL Source: [None]
Published: Jun 1, 2015
Author: staff
Post Date: 2015-06-01 01:16:21 by Tatarewicz
Keywords: None
Views: 103
Comments: 1

Sputnik...

MOSCOW (Sputnik) – Chemezov told Vedomosti that the political situation had nothing to do with the halt of talks with Bombardier.

"We stopped talks with Bombardier that we wanted to collaborate with in building the planes in Russia," Chemezov said, explaining that the component parts needed for the construction of Q400 planes are imported from abroad and are currently too expensive because of the ruble exchange rate.

"[As a result] the machines would not be able to withstand cost competition with the Russian aircraft," the Rostec CEO said.

The Russian economy has come under increased pressure over the past year due to plummeting oil prices and Western economic sanctions. The first restrictions were imposed by Western powers over Crimea's reunification with Russia.

According to the European Commission's estimates released in early May, 2015, the economic situation in Russia is expected to stabilize in 2016.

Read more: sputniknews.com/science/2...791747.html#ixzz3bmh4Pcp2

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#1. To: Tatarewicz (#0)

Sanctions are an act of war, just like spraying Agent Orange and lots of things the District of Criminals is into.

How many headlines have some U.S. atrocity fully or partly behind them?

NeoconsNailed  posted on  2015-06-01   1:42:30 ET  Reply   Trace   Private Reply  


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