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Saturday, June 08, 2013

Russian Nuclear Submarine Contracts ‘Underpriced’

Yuri Dolgoruky strategic nuclear submarine: characteristicsFormer Russian Defense Ministry officials forced shipbuilders to underprice nuclear submarine contracts, which nearly scuttled the 2011 State Defense Order, a senior Russian official said Friday.

Deputy Prime Minister Dmitry Rogozin, who oversees the defense industry, said the contracts were for Borey- and Yasen-class ballistic missile submarines, and the underpricing almost scuttled the order, which was eventually signed under former Defense Minister Anatoly Serdyukov.

Serdyukov, who had held the post of Defense Minister since 2007, was sacked in November and replaced by Sergei Shoigu amid a series of ongoing corruption scandals that have rocked Russia’s defense sector.

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