Wednesday, November 22, 2017

Boeing to continue working with Russian partners despite sanctions

Boeing communications director for Russia and CIS Elena Alexandrova announced on Monday that the U.S.-headquartered aerospace firm will continue working with Russian partners despite western sanctions against Russia.

"We continue cooperating in a normal regime with financial and credit organizations and industrial enterprises, such as Sberbank and VSMPO-AVISMA Corporation," Alexandrova said, according to Itar-Tass.

Alexandrova's statement comes after speculation that western sanctions could potentially end the supply of new Boeing and Airbus aircraft to Russian companies. Those concerns were raised last week by Vnesheconombank (VEB) CEO Vladimir Dmitriev during the Sochi Investment Forum, Itar-Tass reports.

"We are not commenting on this situation," Alexandrova said, according to Itar-Tass. "These are the concerns of VEB. I stress again that we are working in a normal regime in Russia."

In a separate press conference on Monday, a spokesperson from VSMPO-AVISMA-- the largest titanium producer in the world-- announced that sanctions have not affected the company's ongoing projects with Boeing. VSMPO-AVISMA CEO Sergey Chemezov was specifically targeted by western sanctions in April for his alleged involvement in the Ukrainian conflict.