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. Last Updated: 07/27/2016

Venezuela Jet Sales Are Denied

State arms exporter Rosoboronexport denied reports Friday that it had signed a deal to sell 98 Ilyushin civilian aircraft to Venezuela.

Vremya Novostei reported that Rosoboronexport chief Sergei Chemezov had signed the deal for the Il-114 planes, which can be used as passenger and cargo planes.

Izvestia also reported the deal and said it could be worth several billion dollars.

But in a statement posted on its web site the trader said, "Rosoboronexport's press service is authorized to announce that information published in the Russian media about a contract signed between Rosoboronexport and Venezuela to deliver 98 Il-114 aircraft is not true."

Russia said last year it had sold 24 Sukhoi jets and 53 helicopters to Venezuela as part of a long-term package of arms contracts worth over $3 billion. Details were not disclosed.

Venezuelan President Hugo Chavez visited Russia in June when he thanked President Vladimir Putin for showing solidarity in Caracas' feud with Washington.

Russia has been seeking to break into new markets for arms and aircraft sales in Latin America, Southeast Asia and North Africa.

n Cargo air carrier Volga-Dnepr Group said in a statement Friday that it signed a deal to buy three Il-76TD-90VD cargo aircraft from Ilyushin, reported.

The planes will be delivered in 2009.