The Russian government commission that examines foreign investments has approved a deal reached between VR-Technologies (VRT), a subsidiary of Russian Helicopters, and the Abu Dhabi-based Tawazun Strategic Development Fund. According to the press office of the Russian government, the joint venture is aimed at developing and manufacturing new helicopter models designed by the Russian company. VR Technologies, a unit of Russian Helicopters, is operated by Russia’s state-owned Rostech corporation. The subsidiary, set up in 2014, develops helicopters and unmanned aerial vehicles. Strategic Development Fund, an investment arm of Tawazun Eco
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