World

Philippines in talks to buy U.S. helicopters after dropping Russia deal

2022.08.15 08:21

Philippines in talks to buy U.S. helicopters after dropping Russia deal
FILE PHOTO: A U.S. Army CH-47F Chinook helicopter lands at Rzeszow-Jasionka Airport, Poland February 15, 2022. Patryk Ogorzalek/Agencja Wyborcza.pl via REUTERS

MANILA (Reuters) – The Philippines is looking to buy heavy-lift Chinook helicopters from the United States, after scrapping a deal with Russia worth 12.7 billion pesos ($227.35 million) in order to avoid sanctions, Manila’s ambassador to Washington said on Monday.

In June, days before President Rodrigo Duterte ended his six-year term, the Philippines scrapped a deal to buy 16 Mi-17 Russian military transport helicopters because of fears of U.S. sanctions linked to Russia’s invasion of Ukraine.

“This cancellation of this contract is precipitated mainly by the war in Ukraine. While there are sanctions expected to come our way, from the United States and western countries, obviously it is not in our interest to continue and pursue this contract,” ambassador Jose Manuel Romualdez told journalists in a virtual forum.

Moscow says it is conducting a “special military operation” in Ukraine.

Romualdez said the Chinooks would replace existing hardware used for the movement of troops and in disaster preparedness in the Southeast Asian country.

The United States is willing to strike a deal for the amount the Philippines was set to spend on the Russian helicopters, Romualdez said, adding the deal with Washington will likely include maintenance, service and parts.

The Philippines is pursuing discussions with Russia to recover its $38 million down payment for the helicopters, the delivery of which was supposed to start in November next year, or 24 months after the contract was signed.

The Philippines is at the tail-end of a five-year, 300 billion-pesos modernisation of its outdated military hardware that includes warships from World War Two and helicopters used by the United States in the Vietnam War.

Aside from military deals, the Philippines, under new President Ferdinand Marcos Jr, also wants increased economic exchanges with the United States including in fields of manufacturing, digital infrastructure and clean energy, including modular nuclear power, Romualdez said.

($1 = 55.86 Philippine pesos)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,620.40 1.93%
ethereum
Ethereum (ETH) $ 1,582.94 3.17%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.08 2.92%
bnb
BNB (BNB) $ 583.20 0.57%
solana
Solana (SOL) $ 125.87 3.30%
usd-coin
USDC (USDC) $ 1.00 0.00%
tron
TRON (TRX) $ 0.251925 0.49%
dogecoin
Dogecoin (DOGE) $ 0.154588 3.38%
cardano
Cardano (ADA) $ 0.608729 5.15%
staked-ether
Lido Staked Ether (STETH) $ 1,580.24 3.29%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,554.39 1.98%
leo-token
LEO Token (LEO) $ 9.37 0.72%
chainlink
Chainlink (LINK) $ 12.37 2.30%
avalanche-2
Avalanche (AVAX) $ 18.86 6.64%
stellar
Stellar (XLM) $ 0.235094 2.65%
usds
USDS (USDS) $ 1.00 0.01%
the-open-network
Toncoin (TON) $ 2.88 1.08%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 1.87%
sui
Sui (SUI) $ 2.09 4.33%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,904.52 3.04%
hedera-hashgraph
Hedera (HBAR) $ 0.157112 5.90%
bitcoin-cash
Bitcoin Cash (BCH) $ 319.12 3.68%
litecoin
Litecoin (LTC) $ 75.65 3.53%
polkadot
Polkadot (DOT) $ 3.54 3.72%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.31%
hyperliquid
Hyperliquid (HYPE) $ 15.26 6.04%
bitget-token
Bitget Token (BGB) $ 4.24 1.46%
ethena-usde
Ethena USDe (USDE) $ 0.999432 0.02%
weth
WETH (WETH) $ 1,583.49 3.34%
pi-network
Pi Network (PI) $ 0.615786 17.25%
monero
Monero (XMR) $ 216.90 2.65%
whitebit
WhiteBIT Coin (WBT) $ 27.66 0.59%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,688.73 2.92%
dai
Dai (DAI) $ 1.00 0.03%
okb
OKB (OKB) $ 52.12 0.11%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,646.41 1.87%
uniswap
Uniswap (UNI) $ 5.19 3.33%
pepe
Pepe (PEPE) $ 0.000007 3.47%
aptos
Aptos (APT) $ 4.67 2.23%
gatechain-token
Gate (GT) $ 22.32 0.83%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.69 10.50%
ondo-finance
Ondo (ONDO) $ 0.826035 5.38%
susds
sUSDS (SUSDS) $ 1.05 0.01%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
near
NEAR Protocol (NEAR) $ 2.03 3.74%
mantle
Mantle (MNT) $ 0.701887 0.74%
internet-computer
Internet Computer (ICP) $ 4.76 2.88%
crypto-com-chain
Cronos (CRO) $ 0.082487 3.43%
ethereum-classic
Ethereum Classic (ETC) $ 14.85 2.48%