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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

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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URL: http://www.ruaviation.com/news/2014/5/7/2313/?h