(MENAFN) Canadian plane manufacturer Bombardier is potentially facing a USD3.4 billion loss in sales to Russia, The Peninsula Qatar reported
The potential loss will come as Canada and its allies impose sanctions over the Russian Federation's move to annex Crimea
The sanctions have created a snag in negotiations to sell 100 Q400 Turboprop aircraft to Russia's Rostec at a value of USD3.4 billion
Bombardier signed a letter of intent for the sale and the order was to be firmed this year. Plans also included an assembly line in Russia
The deal would be a big achievement for Bombardier as its sales to Russia last year only hit USD250 million
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.