Our Bureau
08:38 AM, May 28, 2019
Russia-Ukrainian Defense Joint Venture To Be Liquidated

The decade-old joint venture (JV) between Russia’s United Aircraft Corporation (UAC) and Ukraine’s Antonov State Company is heading towards liquidation after UAC filed a lawsuit on May 23 against the Ukrainian firm, citing dissatisfaction over its  participation in the JV.

“Representatives of the Ukrainian side have long failed to participate in the activities of the joint venture UAC-Antonov set up more than ten years ago. The JV is not conducting any projects. Consequently, a decision has been taken to stop operations and liquidate the enterprise. That is the motive of the lawsuit,” a source in UAC’s press service told TASS.

UAC filed a lawsuit against Antonov State Company with the Moscow Arbitration Court, according to the data of the arbitration cases register. The lawsuit has not been accepted for hearing yet and no other details have been provided.

UAC is a Russian holding comprising 24 main companies of the local aircraft industry complex and 15 aircraft repair plants. Antonov headquartered in Kiev is involved in development, production and maintenance of An-series aircraft.

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