Rostec able to fulfill govt defense orders, make essential goods - corporation head Chemezov

MOSCOW. March 10 (Interfax) - A profound upgrade of Rostec enterprises allows the state corporation to successfully fulfill government defense orders and to make essential goods, Rostec head Sergei Chemezov said at a meeting with the corporation personnel.

"Our industry has undergone profound rearming and upgrade, and new, modern machine tools have been purchased. This allows us to successfully fulfill government defense orders," Chemezov said at the meeting, a video of which is obtained by Interfax.

Rostec enterprises fulfill nearly 40% of all government defense orders, he said.

"So, we should do everything to ensure the defense capacity of our army and our state," Chemezov said.

The corporation will review its goals and targets, and "emphasis will be put on essential goods and services, which are vital [for the country] nowadays," he said.

Chemezov assured employees that all social obligations to them would be met. "Salaries will always be paid and everything that we promised earlier will be fulfilled," he said.

Rostec is a major manufacturing company of Russia, which unites over 800 research and production facilities in 60 regions of the country. Its core activity is the production of weapons and military hardware, aircraft, radio-electronic products, and medical technologies. The United Aircraft Corporation, Russian Helicopters, the United Engine Corporation, Uralvagonzavod, Shvabe, Kalashnikov and others operate within Rostec.

EU member states, the UK, the U.S., Canada and Japan imposed additional sanctions on Russian banks and companies, including Rostec and its units, such as the United Aircraft Corporation, which is the primary manufacturer of planes in Russia, and Uralvagonzavod, which is Russia's only manufacturer of tanks, following the beginning of the Russian special operation in Ukraine.