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Russia builds MC-21 jet on its own, although was ready to cooperate with US — Putin

Summary:
Russia was ready to cooperate with the United States in the production of specific components for its MC-21 [commercial] jet but eventually decided to build the aircraft completely on its own, President Vladimir Putin said, speaking at the plenary session of the Eastern Economic Forum on Thursday. "It would be appropriate to cooperate [with the US in the production of components and parts for the MC-21 — TASS], we were ready to purchase the proper American materials, since they buy large quantities of titanium from us and produce Boeings from our titanium," Putin said. But it was decided that the MC-21 aircraft would be assembled from domestic parts."Perhaps to some extend it is good, because there will be our own materials, we will not depend on anyone in this sense," the president

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Russia was ready to cooperate with the United States in the production of specific components for its MC-21 [commercial] jet but eventually decided to build the aircraft completely on its own, President Vladimir Putin said, speaking at the plenary session of the Eastern Economic Forum on Thursday.
"It would be appropriate to cooperate [with the US in the production of components and parts for the MC-21 — TASS], we were ready to purchase the proper American materials, since they buy large quantities of titanium from us and produce Boeings from our titanium," Putin said.
But it was decided that the MC-21 aircraft would be assembled from domestic parts.
"Perhaps to some extend it is good, because there will be our own materials, we will not depend on anyone in this sense," the president said....
TASS
Russia builds MC-21 jet on its own, although was ready to cooperate with US — Putin

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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