Sweden's Saab will honor US military embargo

Sweden's Saab defense group Saab said August 4 that it would honor the US military embargo on the Bolivarian regime in Venezuela.

The move contrasts with the French-German-Spanish EADS CASA group, which is defying the embargo and trying to circumvent US nonproliferation laws, even as it lobbies the US Congress for a multibillion-dollar contract.

"The United States has imposed an arms embargo that affects products with American components and we have said that we intend to comply with it," Saab spokesman Peter Larsson says in a Spanish-language Reuters report.

The Saab products affected by the embargo include the Carl Gustaf missile-launcher and the Robot 70 antiaircraft system, Larsson said.