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Rostec comes to the fore as Russia seeks private investment

4th February 2020 - 10:10 GMT | by Eugene Gerden in Moscow

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Senior officials have indicated that the Russian government intends to accelerate its search for private investment in unprofitable military assets, particularly enterprises controlled by the Rostec defence group.

Sources close to Rostec said that the conglomerate, together with the Russian government, is considering foreign as well as domestic investors as potential partners to restore some of the distressed assets of the corporation.

India could be one source of investment, according to a spokesman for Col Gen Sergei Surovikin, commander of the Russian Aerospace Forces, given plans by Delhi to acquire new-generation fighter aircraft from Russia.

Rostec is Russia’s largest

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Eugene Gerden

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Eugene Gerden


Eugene Gerden is a Shephard correspondent based in St Petersburg.

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