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Thursday, November 20, 2008

Russia to purchase Admiral Gorshkov aircraft carrier?

According to Forecast International, Russian naval and defence industry officials have indicated that Moscow may buy the Admiral Gorshkov aircraft carrier if India is unwilling to provide the $2 billion needed to finance the extensive retrofit.

On November 13, Deputy General-Director of Sevmash (Severodvinsk Machine Building Enterprise) Sergey Novoselov told RIA Novosti new agency that, "On the market, the price of an aircraft carrier like that varies from three to four billion dollars.

The renovations being done at the moment at Sevmash are worth 60-70 per cent of the cost of a new aircraft carrier. That's an approximate sum of up to two billion dollars. Of course, that figure needs refining."

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