According to a report on the Moscow Times (www.themoscowtimes.com) Prime Minister Vladimir Putin oversaw the signing of seven contracts totaling $9.2B between the Defense Ministry and the United Shipbuilding Corporation at the Sevmash shipyard this week. The agreements reportedly form part of the state's 4.7 trillion ruble naval overhaul program through 2020, according to the paper.
The contracts will be fulfilled at Sevmash's shipyard outside of Arkhangelsk and relate to the modernization of the Yasin- and Borei-type nuclear submarines, RIA-Novosti reported.
Serdyukov also signed a contract with Sevmash's director, Andrei Dyachkov, for the construction of an additional Yasin cruiser and a Project 21300 rescue vessel.
(Source: Moscow Times)