Russia suspends fighter jet delivery to Algeria worth 1.5 bln usd - report




 
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March 28th, 2008  
rock45
 

Topic: Russia suspends fighter jet delivery to Algeria worth 1.5 bln usd - report


Algeria puts a big stop payment of there check to Russia! Maybe Algeria found somebody else to buy/setup there natural gas. Weapons wise well France's President is tripping over himself getting to Algeria but there are others too all line up and waiting for there turn to say "mind is the best". Any bets on who nails down the first big contract? To much of there current gear is Russian so if this current problem isn't fixed new contracts will be signed soon because spares and support will be effected. Thoughts?

Russia suspends fighter jet delivery to Algeria worth 1.5 bln usd - report
RUSSIA (Thomson Financial) - Russia suspended delivery of a batch of its Sukhoi fighter jets to Algeria because they have not yet been paid for, Russian media reported Friday.
'Since Algeria has not fulfilled its financial commitments in the contract for the delivery of 28 SU-30 MKI aircraft, the delivery of a new batch has been suspended,' the Interfax news agency quoted a Russian arms industry source as saying.
The source said Russia had so far delivered six of the aircraft to Algeria, under a 1.5 bln usd deal signed in 2006. The suspended lot had been due for delivery this month.
Russia also supplies Sukhoi fighters to India and Malaysia.
The financial daily Kommersant said Algeria had frozen payments on all military contracts with Moscow after Algiers said last month it would return 15 Mig-29 fighter jets it bought from Russia, because of their poor quality.
The head of Russia's Federal Agency for Industry, Andrei Dutov, on Monday accused Algeria of cancelling an order of Migs for 'political' reasons.



Link
http://www.forbes.com/afxnewslimited...fx4826992.html
 


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