Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
Sports minister hopes for Russia’s membership reinstatement with IAAF before 2018Sport July 25, 20:47
The highlights of 2017 FINA World ChampionshipsSport July 25, 19:37
IAAF to hear report on Russia’s reinstatement ahead of 2017 Athletics World ChampionshipSport July 25, 19:25
EU Council to discuss Nord Stream 2 project in SeptemberBusiness & Economy July 25, 19:13
Berlin preparing common European response to Siemens turbines supplies to Crimea — sourceBusiness & Economy July 25, 18:49
Finnish president: Dialog with Putin is direct and clearWorld July 25, 18:22
Summer surprises: Arctic swelters in heatwave, while resorts soak in rainBusiness & Economy July 25, 18:03
BENGALURU, February 20. /TASS/. Russia's United Aircraft Corporation (UAC) wants to continue budget funding for the Russian-Chinese wide-body aircraft project whereas the Russian Ministry of Industry and Trade earlier suggested ceasing the project's budget funding for 2015, the head of UAC Yury Slyusar announced today at Aero India 2015.
"We are currently optimizing the project's funding. We need less than we originally asked for, but nevertheless the question of funding will be raised," he said.
Last week, the Ministry of Industry and Trade, commenting on the changes in the civil aircraft federal program, told TASS, that in 2015 the Russian-Chinese aircraft project "will be funded by non-budget funds." 1.489 bln rubles ($24.09 mln) from the federal budget and 2.5 bln rubles ($40.45 mln) from non-budget funds was planned for the project earlier. The new version of the federal program suggests only 50 mln rubles ($809,060) from non-budget funds.
He added that "while the program lasts it will be funded by corporate funds." According to him, there is enough corporate funding for the Q1 of this year; the larger part will be needed later.
The wide-body aircraft will supposedly be available in 2021, certified in 2023-2024, and massively produced in 2025. The aircraft cost amounts to $13 bln (as of September, 2014, when its business plan was approved). Its initial concept should be finished in July, 2015.