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Saturday, August 17, 2013

Russian Defense Ministry Delays Deal on MiG-35 Jets

MiG-35The Russian Defense Ministry has postponed the purchase of 37 MiG-35 fighter jets until 2016, Kommersant daily reported Saturday.

The ministry was originally due to sign the purchase agreement with MiG in June, but last month the aircraft corporation's general director Sergei Korotkov told RIA Novosti that the contract had still not been signed.

The ministry will now sign the contract in 2016, thereby putting off spending about 37 billion rubles ($1.1 billion) from the state armament program budget to a later payment period, as requested by the Finance Ministry, Kommersant said.

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