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Ukraine’s engine manufacturer loses $200 million per year due to ban on exports to Russia

August 26, 2015, 12:21 UTC+3 ZHUKOVSKY (Moscow region)

There is a ban on military cooperation but engines are supplied to Russia for civilian Antonov AN-148, AN-158 and AN-178

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© ITAR-TASS/Marina Lystseva

ZHUKOVSKY (Moscow region), August 26. /TASS/. Ukrainian company Motor Sich manufacturing engines for aircraft and helicopters loses about $200 million annually due the ban on exports of military products to Russia, the company’s president told TASS on Wednesday.

"We see no obstacles either in Ukraine or in Russia, but we work exclusively in the civilian sector. There is a ban on military cooperation, we have lost certain volumes - 20%, which amounts to $200 million per year," Vyacheslav Boguslayev said.

He noted though that "80% had remained - both aircraft and helicopters, for example, the Antonov AN-148, AN-158 and AN-178." "We manufacture new engines for them, which are allowed, such as TV3-117. We sell engines for helicopters under commercial contracts of the Russian Helicopters company. We are strictly controlled, but no one prohibits that," Boguslayev added.

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