India to invest over $300 million in logistics center for Sukhoi Su-30MKI fighter parts

India intends to invest more than 20 billion rupees ($300 million) in the creation with Russia’s assistance of a logistics center of spare parts for Russia’s Sukhoi Su-30MKI fighters at the facilities of India’s state-owned aerospace and defense company Hindustan Aeronautics Limited (HAL), a source in the Indian Defense Ministry reported. “To date, the main…

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Ukraine: Antonov and AICC agree on long-term cooperation on An-225 Mriya aircraft

Kyiv-based state-run Antonov enterprise and Aerospace Industry Corporation of China (AICC) have signed an agreement on cooperation under the An-225 Mriya aircraft program, the Ukrainian company’s press service has said. “The parties have expressed their intention to cooperate in the long-term outlook, which foresees the construction of the second sample of the modernized An-225 Mriya…

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Russia: watchdog opposes excise duty on sweetened beverages

Russia’s Federal Antimonopoly Service believes that a decision to introduce an excise duty on sugar-containing beverages will lead to higher food prices, a lower purchasing power and falling budget revenues, Anna Mirochinenko, director of the service’s chemical and agriculture industries control department, said. “The Federal Antimonopoly Service believes that expanding the list of excisable goods…

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