20 Aug 2018 11:25

Countersanctions in aerospace industry to be targeted - Manturov

MOSCOW. Aug 20 (Interfax-AVN) - The countersanctions law will allow to take targeted measures, which will help create competitive aerospace hardware, Russian Industry and Trade Minister Denis Manturov told Interfax.

"We kept a cool head when we adopted this law in collaboration with all interested entities and agencies. Just like our colleagues from the U.S. aircraft industry, we want to create products competitive from the technical and economic points of view," Manturov said.

"The law allow us to take targeted and meaningful measures, which will help fulfill our production plans, while the substitution of unavailable foreign component parts enables us to reduce their share in our aircraft and reach the markets, which were previously inaccessible because of the U.S.' restrictions," Manturov said.

Russian President Vladimir Putin signed the countersanctions law on June 4. The law allows the president to ban or suspend international cooperation with unfriendly countries and entities that lie under their "direct or indirect" jurisdiction.