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Friday, May 16, 2008

Russia asked to give USD 250 mn advance for Gorshkov refit
Moscow has been asked by New Delhi to make an advance payment of $250 million to the Sevmash shipyard in order to continue the refurbishing of aircraft carrier Admiral Gorshkov.

"We have asked Russia to make an advance payment to the cash-crunched Sevmash shipyard, where Admiral Gorshkov is docked for refitting. The amount will be adjusted in the final amount (to be paid to Russia)," Defense Secretary Vijay Singh told IANS.

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