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Wednesday, October 26, 2011

Ukraine says will let Russia modernize Black Sea Fleet

The fleet is expected to receive a total of 15 new frigates and diesel-electric submarines by 2020 within the limits of the 1997 agreement.Ukraine will allow Russia to modernize its Black Sea Fleet, Ukrainian Defense Minister Mykhaylo Yezhel said on Tuesday.

Talks on the details of the deal are ongoing.

Under the current lease on the Russian Black Sea Fleet's base in Crimea's Sevastopol signed in 1997, Russia cannot increase the number of combat ships or modernize its weaponry at the base.

However, Ukraine agreed in 2010 to extend the lease until 2042 while most of the warships in service with the Black Sea Fleet are outdated.

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