VSMPO-Avisma corporation continues supplying components to Boeing and Airbus despite sanctions, the company’s Director General Mikhail Voevodin told TASS Monday.

“Boeing and Airbus are the key consumers of titan in global aircraft industry. Sanctions did not affect the production process either from the view point of supplies of raw materials or from the viewpoint of export of products,” he said, adding that the company has “long-term contracts and cooperation agreements with all foreign clients.”

However, he added, “it would not be correct” to say that sanctions had no effect on the company at all. “Both sanctions and today’s political environment complicates credit lending for Russian companies, which hinders development,” he said.

VSMPO-Avisma supplies its products to the markets of 50 countries; it is deeply integrated into the global aerospace industry and is a strategic supplier for many companies. The number of employees of the company amounts to 20,000 people.