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Thursday, June 19, 2008

Russia wants satisfactory end to Gorshkov price talks

With India openly expressing its displeasure over Russia inordinately delaying delivery of INS Vikramaditya, a top Russian official on Tuesday was hopeful the price escalation talks for the aircraft carrier will soon end to the mutual satisfaction of both countries.

The deal for INS Vikramaditya (formerly Admiral Gorshkov) was signed in 2004, at a time when Russia was going through difficult times and was badly in need of money to support its industry, Russian Ambassador Vyacheslav Trubnikov told reporters here.

"The Indian side used the opportunity to get the aircraft carrier at the cheapest possible price. The amount discussed in 2004 has now become unrealistic," he said, justifying the Russian demand for additional USD 1.2 billion, above the original price fixed at USD 1.5 billion for the carrier and its support elements including the aircraft component.

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