Aerospace and military-industrial enterprises in Russia plan to purchase billions of dollars worth of electronic components from China. [File Photo / Xinhua]

Russia mulls over retaliation against western sanctions: Putin

Media reports in Russia indicate that aerospace and military-industrial enterprises in the country plan to purchase billions of dollars worth of electronic components from China.

Word of the deal follows the latest set of economic sanctions imposed by the European Union and the United States against Russia, as the west seeks to isolate Moscow over its alleged role in the conflict in Ukraine.

A source from Russia's Federal Space Agency, quoted by Izvestia, says China Aerospace Science and Industry Corporation, CASIC, has already offered dozens of items.

That source says Russia could spend several billion dollars on Chinese components over the next 24-36 months.

Twelve CASIC-related institutions will visit Moscow August 18th to participate in a special workshop for Russian manufacturers. A parallel workshop will be held in St. Petersburg.