A Chinese parts supplier has taken a stake in Russia’s leading drone manufacturer, marking a significant development in the country’s burgeoning defense industry. The move is seen as part of China’s efforts to strengthen its military capabilities and gain access to advanced technology.
Chinese firm becomes first foreign investor in Russian drone maker
A Chinese company has invested in a major Russian drone manufacturer, giving it control over one of Russia’s leading producers of unmanned aerial vehicles (UAVs).
The investment comes at a time when tensions between the US and China are escalating, with both nations engaged in a new round of trade wars. The move is likely to be seen as a strategic attempt by China to gain an advantage in the global drone market.
The Russian company, which produces drones used for military and civilian purposes, has received significant funding from its Chinese counterpart. The deal allows the Chinese firm to acquire advanced drone technology and expand its production capacity.
Russia’s defense industry is becoming increasingly important due to the ongoing conflict with Ukraine.
Source: https://www.ft.com/content/e907c2fa-2d3b-4269-bc6c-b2fee4d9f688