KIEV, Sept. 14 – The government has accepted the proposal by the Ukrainian Economic Development Ministry and the state aircraft maker Antonov over the latter's withdrawal from its Moscow based joint venture with Russia's United Aircraft Corporation (UAC).
"The State Aircraft Building Concern Antonov is to take measures to ensure its exit from ... UAC-Antonov," reads Cabinet Directive No. 920 dated September 8.
It was reported that Antonov and UAC signed a joint venture agreement in October 2010 in Kiev, during the seventh meeting of the economic cooperation committee of the Ukrainian-Russian interstate commission, which was attended by the two countries' prime ministers.
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