Bombardier’s Russian production facility hit by effects of sanctions

Bombardier’s US$100 billion joint manufacturing venture with Russia’s Rostec will be delayed for at least a year, amid the degrading political and economic ties between Russia and Canada over the crisis in Ukraine. Bombardier and Rostec, a state conglomerate with significant holdings in high-technology industries, agreed in 2013 to build a production facility in the Russian city of Ulyanovsk for the Bombardier’s Dash-8 Q400NG turboprop. Rostec and Bombardier had agreed to start production this year. A spokesman from Bombardier told Russian media: “We are in negotiations with Rostec and hope to reach an agreement in 2014. But, given the context