Ankara: Russia expects its titanium partnership with US aerospace giant Boeing to resume in the Sverdlovsk region through VSMPO-Avisma, the world's largest titanium producer, First Deputy Prime Minister Denis Manturov said in an interview published Tuesday. Manturov told the Russian state-run Tass news agency that Moscow has not restricted titanium exports, and Boeing can continue purchases.

According to Anadolu Agency, Manturov stated, "At some point, we had a suspension of purchases. We did not introduce any restrictions in this area, so our colleagues can continue to purchase." He also expressed optimism about the resumption of work at the joint venture VSMPO-Avisma with Boeing, located in the Titanium Valley in the Sverdlovsk Region. This joint venture involves shared investments, presenting a mutually beneficial project.

Manturov emphasized the venture's role in optimizing production and logistics costs by ensuring the supply of finished components. He also mentioned that Russia remains open to cooperation with Boeing, should the US manufacturer decide to resume titanium purchases.

Ural Boeing Manufacturing, based in the Titanium Valley special economic zone, represents the collaboration between Boeing and VSMPO-Avisma Corporation. Boeing had suspended its purchases of Russian titanium in 2022 following the Ukraine war.