Putin Inspects New Russian Fighter Jet Unveiled at Air Show

Checkmate, new Sukhoi fifth-generation stealth fighter jet is seen during an opening ceremony of the MAKS-2021 air show in Zhukovsky, outside Moscow, Russia, July 20, 2021. (Sputnik via Reuters)
Checkmate, new Sukhoi fifth-generation stealth fighter jet is seen during an opening ceremony of the MAKS-2021 air show in Zhukovsky, outside Moscow, Russia, July 20, 2021. (Sputnik via Reuters)
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Putin Inspects New Russian Fighter Jet Unveiled at Air Show

Checkmate, new Sukhoi fifth-generation stealth fighter jet is seen during an opening ceremony of the MAKS-2021 air show in Zhukovsky, outside Moscow, Russia, July 20, 2021. (Sputnik via Reuters)
Checkmate, new Sukhoi fifth-generation stealth fighter jet is seen during an opening ceremony of the MAKS-2021 air show in Zhukovsky, outside Moscow, Russia, July 20, 2021. (Sputnik via Reuters)

President Vladimir Putin inspected a prototype of a new Sukhoi fifth-generation fighter jet on Tuesday that Russia unveiled at its annual MAKS air show with an eye on export markets.

The warplane, given the project name “Checkmate”, is likely to be touted as a rival to the US F-35 stealth fighter, said Oleg Panteleyev, head of the Aviaport analytical agency.

The warplane is expected to fly its first maiden voyage in 2023 with a first batch due to be produced in 2026, the Interfax news agency cited a presentation as saying.

Rostec, Russia’s state aerospace and defense conglomerate, said the plane was hard to detect and would have low operating costs. A brief promotional video featured pilots from UAE, India, Vietnam and Argentina, suggesting that Moscow wants to pitch the plane overseas.

Russia has successfully produced prototypes of new weapons systems in recent years, but has sometimes struggled to move to serial production.

Under Putin, it has invested heavily in military aircraft and new armaments, both for its own armed forces and also to boost export revenue from weapon sales. Many of its new weapons are still based on Soviet-era technology from the Cold War.

Russia already has fourth-generation fighter jets - the heavy-class Sukhoi Su-27 and light-class Mikoyan MiG-29. It only has one heavy-class fifth generation fighter jet, the Su-57, but no light-class equivalent, Panteleyev said.

“Light-class fighter jets are more in demand in the world than heavy-class ones - they are cheaper and more suitable for states that don’t have large territories,” he told Reuters.

In 2011, Russia used the MAKS air show to unveil the Sukhoi Su-57 stealth fighter.

United Aircraft Corporation, which is part of Rostec, owns the Sukhoi aircraft manufacturer that dates back to the Soviet era.



Thiel’s Palantir Dumped by Norwegian Investor over Work for Israel

The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)
The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)
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Thiel’s Palantir Dumped by Norwegian Investor over Work for Israel

The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)
The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)

One of the Nordic region's largest investors has sold its holdings in Palantir Technologies because of concerns that the US data firm's work for Israel might put the asset manager at risk of violating international humanitarian law and human rights.

Storebrand Asset Management disclosed this week that it had "excluded Palantir Technologies Inc. from our investments due (to) its sales of products and services to Israel for use in occupied Palestinian territories."

The investor, which manages about 1 trillion crowns ($91.53 billion) in assets, held around 262 million crowns ($24 million) in Palantir, a spokesperson told Reuters. A representative for Palantir, based in Denver, did not immediately respond to a request for comment.

Storebrand said Palantir had not replied to any of its requests for information, first lodged in April. The data analytics firm, co-founded by billionaire Peter Thiel, provides militaries with artificial-intelligence models. Earlier this year, it agreed to a strategic partnership to supply technology to Israel to assist in the ongoing war in Gaza.

Palantir has previously defended its work for Israel. CEO Alex Karp said he was proud to have worked with the country following the Hamas attacks in October last year and in March told CNBC that Palantir had lost employees and that he expected to lose more over his public support for Israel.

Storebrand's exit follows a recommendation from Norway's government in March warning businesses about engaging in economic or financial activity in the Israeli settlements in the Palestinian territories, the asset manager said in its third-quarter investment review published on Wednesday. The International Court of Justice, the United Nations' highest court, said in July that Israel's occupation of Palestinian territories including the settlements was illegal.

Israel's foreign ministry rejected that opinion as "fundamentally wrong" and one-sided, and repeated its stance that a political settlement in the region can be reached only by negotiations.

Storebrand said its analysis indicated that Palantir provides products and services "including AI-based predictive policing systems" that support Israeli surveillance of Palestinians in the West Bank and Gaza.

Palantir's systems are supposed "to identify individuals who are likely to launch 'lone wolf terrorist' attacks, facilitating their arrests preemptively before the strikes that it is projected they would carry out," Storebrand said.

It added that, according to the United Nations, Israeli authorities have a history of incarcerating Palestinians without charge or trial. A UN Special Rapporteur said in a 2023 report that "the occupied Palestinian territory had been transformed as a whole into a constantly surveilled open-air prison."

Israel rejected the UN's findings. In September Reuters reported that Norway's $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog's tougher interpretation of ethics standards for businesses that aid Israel's operations in the occupied Palestinian territories.