Russia has unveiled a medium-range passenger plane that state media hailed as superior in many ways to western-made counterparts.

In a glitzy Siberian ceremony attended by the prime minister, Dmitry Medvedev, the Irkut Corporation rolled out its new MC-21 airliner, which is still undergoing testing but is due to enter serial production in 2017. The plane is sometimes also known as MS-21.

Medvedev hailed the new twin-engine short and medium-range aircraft as “cool”, saying it was important that Russia remained in what he called the top league of aircraft makers despite the high costs involved.

Squeezed by western sanctions over its role in the Ukraine crisis, the Russian government is trying to rejuvenate domestic industrial production to make the country less dependent on foreign firms.