Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Philippines scraps Russian helicopter deal for fear of US sanctions

by
July 27, 2022
in Investing News
0
Philippines scraps Russian helicopter deal for fear of US sanctions
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter
RUSSIAN Air Force Mil Mi-17 — VITALY V. KUZMIN

THE PHILIPPINES has scrapped a deal to buy 16 Russian military transport helicopters because of fears of US sanctions, the Associated Press reported on Wednesday, citing Philippine officials.

Former Philippine Defense Secretary Delfin N. Lorenzana said late on Tuesday the P12.7-billion ($227 million) deal to acquire Mi-17 helicopters had been canceled.

The decision to buy the helicopters was approved last month by former President Rodrigo R. Duterte, before their terms in office ended on June 30, the news agency reported.

“We could face sanctions,” the news agency quoted Mr. Lorenzana as saying in an interview.

Philippine government officials were not immediately available for comment.

US security officials were aware of the decision and could offer similar heavy-lift helicopters for the Philippine military, Mr. Lorenzana said. — Reuters

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
6 of 10 Pinoys favor ROTC; gov’t told to promote peace

6 of 10 Pinoys favor ROTC; gov’t told to promote peace

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Satellite imagery shows Antarctic ice shelf crumbling much faster than initially thought

Satellite imagery shows Antarctic ice shelf crumbling much faster than initially thought

August 11, 2022

PPA awards management contracts for 3 ports

May 31, 2022
Transforming with humans at center

Transforming with humans at center

July 24, 2022
North Korea’s Kim says nuclear deterrent is ready, slams South Korea’s Yoon

North Korea’s Kim says nuclear deterrent is ready, slams South Korea’s Yoon

July 28, 2022
Double trouble: Double taxation issues and MAP

Double trouble: Double taxation issues and MAP

July 18, 2022
Food regulator proposed to tackle agri smuggling

Food regulator proposed to tackle agri smuggling

June 2, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.