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Thursday, June 17, 2010

New Russian nuclear submarine will not enter serial production

Yasen classA fourth-generation Russian nuclear-powered multipurpose attack submarine that was floated out on Tuesday is too expensive for serial production, a business daily said on Wednesday.

On Tuesday, Russian President Dmitry Medvedev arrived in the northern port of Severodvinsk to attend the official float-out ceremony.

The construction of the Severodvinsk, the first Project 885 Yasen (Graney) class submarine, began in 1993 at the Sevmash shipyard in Severodvinsk, but has since been dogged by financial setbacks.

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