French-Russian tank project on hold due to Ukraine crisis

Image
AFP Paris
Last Updated : Apr 03 2014 | 12:55 AM IST
Renault Trucks Defense said today its project to develop an armoured infantry fighting vehicle together with a Russian manufacturer is on hold due to the Ukraine crisis.
"The project is on hold because of the political situation, but that is not saying it has been halted," RTD marketing director Marc Chassilian told journalists in Paris.
The project to develop the wheeled combat vehicle named Atom with Russia's state-owned Uralvagonzavod (UVZ) is at risk due to its use of a Volvo motor, the Swedish daily Dagens Industri said today.
RTD is owned by Swedish truck manufacturer Volvo AB, and the use of the Volvo motor requires Swedish government approval.
The newspaper wrote that there is a risk the government would now veto the deal as "its policy is clear: Swedish companies should not furnish the Russian military or defence industry with military equipment that risks being used against Swedish troops."
Sweden is not part of NATO, whose members including France have yet to block weapons sales to Moscow over its annexation last month of the Crimea from Ukraine. NATO members have suspended military cooperation with Russia, however.
RTD and UVZ signed in February 2013 at the Idex arms show in Abu Dhabi what the Russian company calls a cooperation agreement to jointly develop the Atos.
Neither company has provided any details.
Last September a mock-up of the Atom was shown at a Russian arms fair, according to several specialist publications.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 03 2014 | 12:55 AM IST

Next Story