By 2030, Russia intends to produce 1000 aircraft utilizing components from the country

Russia intends to produce 1000 aircraft

By using components made in-country, Russia plans to produce 1000 aircraft by 2030, according to state-owned technology company Rostec, which spoke to Reuters on Wednesday.

According to Reuters, the strategy of self-reliance in the aviation sector differs from the situation prior to the outbreak of the Ukraine War, when 95% of Russian passenger business was carried on aircraft bought from Western aviation heavyweights Boeing & Airbus.

In-depth details as By 2030, Russia intends to produce 1000 aircraft utilizing components from the country

However, because of the sanctions placed on the nation, imports into Russia, particularly those of aircraft, have completely stopped, which is a major issue for a nation that depends on technology imports.

Engineering and defense conglomerate Rostec stated that it wants to replace foreign parts with domestic ones. We no longer rely on international cooperation with Western nations as of this year.

Foreign planes will leave the fleet, according to Rostec, who spoke to Reuters. We think that this is a permanent process, and Boeing and Airbus aircraft will never be supplied to Russia.

Rostec’s optimism is in sharp contrast to recent remarks made by Oleg Vyugin, a former senior official in the finance ministry and central bank, who stated in an interview with Reuters last week that Russia may experience a years-long decline in technological advancement as a result of the sanctions.

According to Vyugin, a former deputy finance minister and deputy governor of the Bank of Russia, “the world will advance, but Russia will just employ some second-grade technologies & spend enormous resources to recreate what there is already in the world, but can’t be imported.” This year, he left the Moscow Exchange.

Russia has made an effort to circumvent the sanctions by using imports from non-sanctioning nations in place of Western imports or by turning to domestic production. However, experts at the Brussels-based think tank Bruegel reported in late March that performance had been uneven.

Few high-tech items can operate without input from the European Union or the United States, according to the analysts: “High-tech products are built utilizing inputs from various countries, but few of them can function.” The capabilities of the global network cannot be duplicated by a single economy as a result.

Due to supply shortages brought on by sanctions, the Russian state-owned airline Aeroflot has already begun pulling spare components from operational aircraft, according to a Reuters report from August.

Insider filed a comment request after regular business hours, but Rostec did not react right away.

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