Russia says it hopes to resume titanium joint venture with Boeing
Russia's First Deputy Prime Minister Denis Manturov expressed hope for the resumption of a joint venture with Boeing in the Sverdlovsk region. The venture, involving Russia's VSMPO-AVISMA, was halted in 2022 when Boeing suspended titanium purchases from Russia. Manturov emphasized that Moscow has not restricted titanium supplies to the U.S., allowing American companies the option to buy Russian titanium.
MOSCOW, Aug 26 (Reuters) - Russia hopes that a U.S.-Russian joint venture involving Boeing in the Sverdlovsk region can resume its operations, Russian First Deputy Prime Minister Denis Manturov told the TASS state news agency in an interview.
The joint venture between Russia’s largest titanium maker VSMPO-AVISMA and U.S. aircraft manufacturer Boeing halted operations in 2022 after Boeing decided to suspend purchases of titanium from Russia.
Moscow did not impose any restrictions on titanium supplies to the U.S., Manturov noted, saying it was still possible for U.S. companies to buy Russian titanium.
