11 Apr 2017 11:45

Russia to invest some 100 bln rubles in aircraft industry modernization before 2020 - UAC

MOSCOW. April 11 (Interfax-AVN) - About 100 billion rubles will be invested in modernizing aircraft plants in Russia before 2020, United Aircraft Corporation (UAC) President Yury Slyusar said in an interview shown by the Rossiya 24 (VGTRK) channel.

"About 100 billion [rubles] is planned [to be assigned] in the period up to 2020 - this is what our investment program may assign for those purposes," Slyusar said.

Russia has invested around 25 billion rubles in technical upgrades and modernization in recent years, he said.