Russian-Ukrainian Trade Turnover Reaches Pre-Crisis Level: Putin

FOROS, Ukraine -- Russian-Ukrainian trade turnover reaches pre-crisis level, Russian Prime Minister Vladimir Putin said on Saturday during the talks with his Ukrainian counterpart in the Crimea resort town of Foros.

Vladimir Putin

Putin said he was particularly satisfied with the Russian-Ukrainian cooperation in "high-tech areas - aircraft and space industries".

Russian-Ukrainian relations worsened during the presidency of pro-Western Viktor Yushchenko. In February, 2010 the new President Viktor Yanukovych came to power what resulted in the thaw between Moscow and Kiev.

Both countries saw the improvement of bilateral economic and trade cooperation.

The premier said the countries were dynamically developing the projects on the joint venture on sales of An-series transport and passenger planes.

One of the first projects is the joint production of the An-158 passenger jet. Along with this deal, Russia plans to buy the Ukrainian-designed Antonov An-124 and An-70 military transport aircraft as part of the new state arms procurement program for 2011-2020.

Source: RIA Novosti