KEYWORDS TODAY:   UKRAINEKTBGASFDIPOWER PRICE

Volvo Halts Joint Tank Project With Russia

Politics » DEFENSE | April 8, 2014, Tuesday // 12:22| Views: 1874 | Comments: 0
  • Send to Kindle
Bulgaria: Volvo Halts Joint Tank Project With Russia Photo: Uralvagonzavod

Volvo said that it had paused a joint project with Russia to build an armoured infantry fighting vehicle, citing concerns about the Ukraine crisis, reports The Local.

Renault Trucks Defense, which is owned by the Swedish truck manufacturer, in February 2013 signed an agreement to develop a combat vehicle with Russia's state-owned Uralvagonzavod.

But the project has been reconsidered due to concerns the Swedish government would veto the deal as the West seeks to isolate Moscow over its annexation of Crimea.

The vehicle, named Atom, would use a Volvo motor and so would require approval from Stockholm.
"As we see many uncertain factors around a possible collaboration, we have suspended our cooperation agreement until further notice," Volvo spokesperson Karin Wik told AFP.

The agreement was meant to last until March 2015, she added.

Sweden is not part of NATO, whose members have yet to block weapons sales to Moscow over its intervention in Ukraine but have suspended military cooperation.

Defense » Be a reporter: Write and send your article
Tags: Volvo, tank, Russia, Crimea, Atom, Sweden
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria