China to buy 38 Russian planes in 1.5 BILLION-DOLLAR deal: report

[theearthisround]

http://www.informationliberation.com/index.php?id=1069

MOSCOW (AFP) Sep 08, 2005 - China's military will sign a contract Thursday for the purchase of 38 Russian military transport aircraft in a deal valued at over 1.5 billion dollars (1.2 billion euros), the business daily Vedomosti reported, quoting sources close to the negotiations.

The contract for Ilyushin-76 transport and Ilyushin-78 tanker planes was to be signed in Russia's Black Sea coastal city of Sochi.

The two countries had already initialed agreements for China to buy Russian military planes.

Confirmation of the deal came a day after Russian Defense Minister Sergei Ivanov and his Chinese counterpart, Cao Gangchuan, had met President Vladimir Putin in Sochi to discuss military cooperation.

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http://www.informationliberation.com/index.php?id=1069