Another 102 million USD from India to Sevmash
Leader of the Sevmash yard in Severodvinsk, Arkhangelsk Oblast, confirms that the Indian government has transferred another 102 million USD to the yard’s bank account for the upgrade of the aircraft carrier “Admiral Gorshkov”.
After a long period of disagreement and negotiations over the sales and upgrades of the aircraft carrier “Admiral Gorshkov”( by the Indians called “Vikramadia”), the Indian government has transferred 102 million USD for continued construction works. Yard director Nikolai Kalistratov confirms to newspaper Vedomosti that the Indians have transferred the money to the Russian bank account and that construction works at the vessel now has been intensified. The Russians last year demanded re-negotiations of the contract terms signed by the parts in 2004. Sevmash and the Russian side now demand about two billion USD for the completion of the vessel, which is about a doubling of the original contract price.
