UAC: Sanctions against Russia imposed by USA and EU present risk for Sukhoi SuperJet 100 project, but they are not critical - RUSSIAN AVIATION

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UAC: Sanctions against Russia imposed by USA and EU present risk for Sukhoi SuperJet 100 project, but they are not critical

Russian Aviaton » Wednesday May 7, 2014 10:53 MSK

Sanctions against Russian companies imposed by USA and EU present risk for Sukhoi SuperJet 100 (SSJ 100) project, but they are not critical, Vice-president, Economics and Finance, of United Aircraft Corporation (UAC), Vladimir Chirikov, said during a conference call related to UAC’s financial statement for 2013 elaborated in compliance with IFRS, ITAR-TASS reports.

"There are some risks; we are working on them, but we believe that these risks are not of critical nature, - he said. – In general, the situation is under control".

Chirikov noted that the share of foreign-produced components in SSJ-100 aircraft is high, but Russian-produced components, which are being developed in the network of MS-21 project, may be used to replace them if necessary.

Nevertheless, the Vice-president of UAC stated that UAC “is monitoring the external environment” and believes that “the imposed sanctions will hardly affect the civil aircraft segment”.

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