Support The Moscow Times!

Business in Brief

$1Bln Arms Deal Signed With Angola

The country's state arms export monopoly has signed a $1 billion deal package with Angola to deliver military equipment, build an ammunition plant and provide maintenance services, Vedomosti reported Wednesday.

Rosoboronexport will supply 18 Su-30K fighter jets to the southern African nation, Vedomosti reported, citing sources at the arms exports company and the Russian military.

The Su-30K fighters in question are a batch of aircraft that were initially supplied to India in the late 1990s, prior to Delhi receiving the more advanced multirole Su-30MKI variant. They were returned to Russia in 2007 and have since lain idle in a Belarussian repair plant.

They had previously been offered to Belarus, Sudan and Vietnam.

Also on the list are Mi-17 transport helicopters, tanks, artillery, firearms and ammunition, the newspaper said.

(RIA Novosti)

2104 Launch Date for First Russian Privately Owned Spacecraft

Russia will launch its first ever spacecraft to be 100 percent funded by domestic private capital on board a Soyuz-2-1B carrier rocket in February 2014, the Skolkovo high-tech hub said Tuesday.

The DX-1 mini-satellite, designed and built by the Dauria Aerospace group, will test the equipment, technology and software to create a unified platform of small spacecraft. It will also carry an Automatic Identification System receiver to monitor global shipping routes.

Dauria Aerospace is planning to set up a compact mission control center in Skolkovo to operate its own satellites in the future, the aerospace company’s general director Sergei Ivanov said, according to the Skolkovo hub. Dauria has signed a contract with South Korea’s Samsung electronics manufacturer to supply equipment for the mission control center, Ivanov said.

(RIA Novosti)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more