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Russia Sold 70 MiG-29 Jet Fighters to Algeria
MiG Aircraft Corporation of Russia has struck a deal with Algeria to deliver 70 Mig-29 jet fighters there, Interfax reports.
The contract for delivering roughly 40 MiG-29s to Algeria has been sealed some of these days, said a source with one of defense enterprises of Russia. The contract budget exceeds $1.5 billion with the settlement made both by foreign currency and for repaying the state debt of Russia, according to the source.
To be more precise, the contract guarantees the delivery of 40 planes and grants an option for 30 planes. The definite specification of MiG-29 acquired by Algeria has not been disclosed so far. It could be MiG-29SMT, as spokesmen of MiG Aircraft Corporation mentioned some time ago the desire to sell exactly these MiGs to the Middle East and North Africa.
www.kommersant.com
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