Blades of glory: China and Russia team up to build world’s heaviest-lifting chopper amid raft of billion-dollar deals on defence, energy
Russian conglomerate Rostec says two countries are building a ‘strategic partnership’ as deals in private and public sectors proliferate
Russian state-owned conglomerate Rostec said this week it is building a “strategic partnership” with China and that numerous deals have already been signed with Chinese state-owned and private companies.
These include a US$10-billion deal to develop Russia’s coal-storage facilities, a new partnership with Chinese telecoms giant Huawei, and plans to build a heavy-lifting helicopter with unprecedented carrying capability.
“In Africa and Arabic countries, we only sell product. In Europe and the US we sell product and technology. In China, we create collaboration,” said Rostec spokesperson Vasily Brovko.
Rostec, an abberviation of Russian Technology, controls hundreds of companies from helicopter and engine maker United Industrial Defence Cooperation to engineering company Technopromexport, which builds energy facilities in Russia and overseas.
The conglomerate was established in 2007, bringing together 663 entities to promote development in high-tech industries. China already ranks as one of its major customers.