Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

An-70 Deal Signed

MOSCOW -- Russian and Ukrainian officials signed a deal this week to create a consortium to produce Antonov An-70 cargo aircraft, the daily Vremya MN reported Thursday.

The agreement on founding the Transport Airplane consortium was signed Tuesday and gives the governments of the two countries each a 13 percent interest in the new entity.

The An-70 is capable of carrying 35 tons of cargo for distances of up to 3,800 kilometers at a cruising speed of 750 kilometers per hour.