Russia Denies Exit From An-70 Project.

Alexander Fomin, deputy Federal Service of Military-Technical Cooperation of Russian federation, has said that Russia is not leaving the project and added that the parties are now discussing some technical, financial and legal issues related to the An-70. He also denied that any future refusal to participate in the project would be connected to Ukraine’s plans to join NATO. Concorde Capital: The conflicting statements coming from Russia reflect the negative attitude of the Russian Defense Ministry towards the An-70 project, which has not been agreed with other high-level officials. We expect negotiations between the two countries to drag on for some time, with Russia refusing to exit without a favorable division of property rights for the plane or without Ukraine returning the money Russia has invested. Meanwhile the delay in financing the project is preventing Ukraine from cooperation with other partners.