Russia's Rostec Denies Major Impact from U.S., EU Sanctions | Aviation International News

Russia's Rostec Denies Major Impact from U.S., EU Sanctions

The government-controlled corporation said it has maintained and extended some relationships, including for the supply of titanium to Boeing.

Rostec general director Sergei Chemezov has led the company since its founding in 2007. (Photo: Vladimir Karnozov)

By Vladimir Karnozov

August 3, 2015

Russian technology and defense industry conglomerate Rostec, the country’s largest government-controlled corporation, insists that sanctions the U.S. and European Union imposed against Russia for its annexation of Crimea and support of separatists in Ukraine have not significantly eroded is share of the global market. “Despite the pressure of foreign sanctions, the corporation has managed to strengthen business relationships with Western partners, and so to prove once again that for us, business stays out of politics,” said Rostec general director Sergei Chemezov.

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