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CEO of Rostech, Mr Sergei Chemezov said, The agreement with India is the result of the long work with our Indian partners. He said, The organisation for the manufacture of helicopters is provided by the creation of a Russian-Indian joint venture in India, which includes holdings of Rostech-JSC Rosoboronexport and Russian Helicopters, and on the India side the corporation HAL.

\"As far as Iran is concerned, we offered Antey-2500 instead of S-300. They are thinking. No decision has been made yet,\" [Sergei Chemezov] said, according to Tass. \"I don't conceal it, and everyone understands this, the more conflicts there are, the more they buy off weapon from us. Volumes are continuing to grow despite sanctions. Mainly, it's Latin America and the Middle East.\" The negotiations are aimed at finding a formula by which Iran accepts curbs on its nuclear programme - particularly uranium enrichment - for a certain number of years, in return for sanctions relief. [John Kerry] and [Mohammad Javad Zarif] were joined in Geneva for the first time by the head of the Iranian atomic energy organisation, Ali Akbar Salehi, and the US energy secretary, Ernest Moniz, in a development which negotiators described as necessary to confront the complex technical issues at the heart of the talks. Hossein Fereydoun, the brother of Iran's president, Hassan Rouhani, also took part in the latest discussions. Ali Vaez, senior Iran analyst at the International Crisis Group, said: \"It appears that the final touches to a mutually acceptable formula for curtailing Iran's enrichment capacity were added by Iranian and American nuclear chiefs. What remains is a similar solution for untangling the intricate spider web of sanctions.\"

Today, Rostec and VTB Group are at the forefront of a new era in the history of Russian factoring, President and Chairman of VTB Bank Management Board [Andrey Kostin] said. We help companies to introduce energy-efficient upgrades without upfront investment, while they make factoring payments from their savings on fuel and energy resources. Russia is in dire need of modernisation and technological overhaul. We see a huge new market here, and we are happy to have found a respected partner in Rostec Corporation.

Avtovaz general director Sergei Chemezov and president Vladimir Artyakov signed the agreement on behalf of the Russian company, while Magna vice-presidents Hubert Hodl and Thomas Schultheiss signed on behalf of the Canadian company, Russian news agency Interfax reported yesterday.

\"Dmitry Anatolyevich rightly pointed out that we shouldn't butt in on the talks at a high level,\" Mr. [Lukashenka] said. \"Let MAZ and KamAZ talk and put forward specific proposals. If they agree, so be it, it's our royal matter, as they say in Russia, to sanctify this.\" Mr. Lukashenka warned on June 14 that the Belarusian government would not agree to a link-up between MAZ and KamAZ unless Belarus had a 50-percent stake in the holding company. \"But a fifty-fifty arrangement does not suit the leadership of that corporation [Rostekhnologii],\" the Belarusian leader said. \"They want a majority stake and say that Belarus is asking too high a price. Okay, if the price is too high, then don`t agree [to it]. Let's work today. MAZ trucks are by no means worse than KamAZ trucks and customers are buying them with pleasure, and not only in post-Soviet countries but also in Russia.\" Belarusian Prime Minister Mikhail Myasnikovich claimed at a news conference in mid-September that Russia did not object to Rosbelavto being owned on a parity basis. At the same time he noted that Russia was concerned about possible difficulties in managing a fifty-fifty owned company. \"Fifty-fifty ownership can lead to a deadlock in decision-making,\" he said. \"Therefore, we'll discuss, among other things, the mechanisms that would allow us to make decisions that would not impede the production process and marketing activities.\"

In another sign the Kremlin might be looking for political scapegoats for the unrest at Avtovaz, Mr [Dmitry Medvedev] on Thursday ousted Mr [Sergei Chemezov] from his position on a Kremlin commission tackling economic modernisation.

[Sergei Chemezov] also said that Rosoboronexport's commission was 1% to maximum 5% of the contract's volume. \"I know only two or three cases when the commission was over 5%. In all other cases the commission, as a rule, does not exceed 5%. Our commission amounts to 1-2%, when the arms are supplied from the Defense Ministry's stock. In this case, we do not aim at taking high profits. We just cover our expenses on selling arms that the Defense Ministry does not need,\" he said.

[Sergei Chemezov] said he expected that Russia could count on boosting arms exports to Arab countries and Africa. \"That is the prospect we should work for. But, of course, we should not forget Latin America. Unfortunately, Latin American sales are now slightly lagging behind, although the predecessor team, which worked for Rosvooruzheniye, took active measures to boost sales in that market. I think one of our major goals is to achieve serious changes in that sector.\"

Rosoboronexport is also trying to establish control over Kamaz, a truckmaker. The government was planning to auction its 34 per cent of Kamaz but Rosoboronexport is reported to have asked the government instead to let it manage its stake. Mr [Sergei Chemezov] has been nominated to the board of Kamaz.