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Russia & Cuba: Agreements on Airplane Sales, Pharmaceuticals

Via Bloomberg:

United Aircraft Corp., the Russian state aerospace group, and OAO Aviaexport agreed with Cuba’s Civil Aviation Institute to sell the Caribbean nation airplanes and set up service centers for local clients.

A memorandum of understanding was signed last week during Deputy Prime Minister Igor Sechin’s visit to Cuba to deliver models including OAO Tupolev Co.’s Tu-204 mid-range planes and Antonov An- 148 regional jets, Russia’s Industry and Trade Ministry said in a statement on its Web site today.

Russian drugmakers OAO Pharmstandard and OOO Pharmapark also agreed with Cuba’s Center of Genetic Engineering and Biotechnologies to cooperate on producing vaccines in Russia, according to the statement.

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August 5, 2008   No Comments