Canada to give Russia $25m to dismantle nuclear submarines

Publish date: May 11, 2005

Canada plans to give Russia's state-owned shipbuilding company Zvezdochka $25m to continue dismantling of the nuclear submarines, the press service of Russia's Arkhangelsk Region administration reported on April 1, citing Canada's Ambassador to Russia Christopher Westdal speaking at a meeting with the region's Governor Nikolai Kiselyov.

Canada has already given Zvezdochka $8 million under a global program for non-proliferation of weapons of mass destruction and related materials. Westdal said on Thursday that an agreement was signed on financing the second stage of the project, which will encompass disposing of nuclear fuel and dismantling eight nuclear submarines . Kiselyov said that the region is interested in further joint ventures with Canada in the engineering, construction and forest sectors.