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Merkel Said to Defer Airbus Satellite Export on Ukraine

The German government has deferred a decision on granting Russian export licenses to Airbus Group NV’s defense and space arm after Vladimir Putin’s annexation of Crimea, two people familiar with the negotiations said.

The German move puts on ice the sale of satellite technology worth as much as 700 million euros ($973 million), said one of the people, both of whom asked not to be named because the deliberations are private and ongoing. It affects talks at an advanced stage between Russia and Airbus over the sale of so-called SAR orbiters, which operate a unique radar technology, the person said.