Russia’s Irkut Sees Losses Spiral In First Half As Sanctions Bite
Credit: Russian Look Ltd. / Alamy Stock Photo
Irkut Corporation, the largest manufacturer of commercial aircraft in Russia, has seen its losses increase tenfold year-on-year to RUB14.7 billion ($240 million) for the first half of 2022. The corporation’s report under International Financial Reporting Standards, released Aug. 29, provides no...
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