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Wednesday, December 03, 2008

Gorshkov: Medvedev on his way, Centre okays price renegotiation

On the eve of Russian President Dmitry Medvedev’s visit to India, the Cabinet Committee on Security (CCS) on Tuesday gave in to Moscow’s demands and gave the go-ahead to the Defence Ministry to renegotiate the price for aircraft carrier Admiral Gorshkov.

The Russians had been demanding upwards of $2.2 billion for overhauling the 44,500 tonne warship that was commissioned into the erstwhile Soviet Union Navy in 1978.

The reworked purchase agreement will be signed in the next three months and the ship is expected in India in 2012.

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