You're reading: Putin: Russia wishes integration with Ukrainian machine builders, shipyards

Moscow, July 5 (Interfax) - Russia wishes economic integration with Ukraine in many sectors, including atomic machine building, Prime Minister Vladimir Putin said at a meeting of the government presidium.

"We are ready to use the capacities of Ukrainian machine building plants in fulfilling nuclear power plant construction and modernization projects in our countries and in third states," he said.

"Russia is also interested in repairing and building ships together with Ukrainian shipyards," he said.

Russia and Ukraine are negotiating the formation of a joint venture of the United Aircraft Corporation (UAC) and the Antonov Corporation to promote Antonov aircraft in third countries, Putin said. Russia and Ukraine "will cooperate not only in traditional industries but also in innovative projects," he said.

For instance, they are forming a joint GLONASS navigation satellite space project, and a relevant agreement is already signed, Putin said.

Russia and Ukraine has formed a large portfolio of joint projects within several months, he said. "It is primarily the question of industries, in which cooperation of Russia and Ukraine will bring substantial competitive advantages, such as aircraft and ship building, energy and transport. We have certain advantages in those areas but there are many unresolved problems, as well," Putin said.