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Russia, Uzbekistan Sign Agreement On Combat Helicopters JV

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  • Russia, Uzbekistan Sign Agreement On Combat Helicopters JV

    RUSSIA, UZBEKISTAN SIGN AGREEMENT ON COMBAT HELICOPTERS JV

    RIA Novosti
    12:57|07/ 03/ 2007

    TASHKENT, March 7 (RIA Novosti) - Russia and Uzbekistan have signed an
    agreement to establish a joint venture to repair combat helicopters
    in the Central Asian country, the head of Russia's Federal Industry
    Agency said Wednesday.

    As part of the agreement Russian companies will have a minimum 51%
    share in the joint venture which is planned to start later in the year.

    Boris Alyoshin said the new enterprise will mainly work in the military
    interests of Uzbekistan and some other countries. Its main aim is
    to repair Mi-8 Hip and Mi-24 Hind helicopters, their modifications,
    as well as components and assembly parts for them.

    Russia and Uzbekistan are both members of a regional security
    organization, the Collective Security Treaty Organization (CSTO), which
    also comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.

    Uzbekistan is one of Russia's key partners among the members of the
    Commonwealth of Independent States (CIS), a loose alliance of the
    former Soviet republics. As a political dialogue between the two
    countries has been actively developing with the Russian and Uzbek
    presidents meeting nine times last year bilateral trade in 2006
    increased by 30% to total $2.4 billion.

    Representing the Russian side in the joint venture are Oboronprom
    united industrial corporation and Rosoboronexport state arms export
    monopoly; and Chkalov's Tashkent Aircraft manufacturing enterprise
    along with Uzmakhsusimpex state enterprise - from Uzbekistan.
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