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Tuesday, February 05, 2008

Russia, Venezuela may sign $1.4 bln contract for three subs in April

Russia and Venezuela are at the final stage of talks on a deal to sell three Kilo-Class Project 636 submarines to Venezuela's Navy, which could be clinched in April, Vedomosti business daily said Tuesday.

The Project 636 submarine is designed for anti-submarine warfare and anti-surface-ship warfare, and also for general reconnaissance and patrol missions. It is considered to be one of the quietest diesel submarines in the world.

The paper quoted a Russian government agency official as saying that the $1.4 bln contract was agreed in principle last December and could be signed during President Hugo Chavez's visit to Russia in April, while delivery could start before the end of the year.

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