$122m of foreign funding to nuclear sub decommissioning in 2006

Publish date: September 26, 2005

Deputy head of the state-owned Rosenergoatom company, Sergey Antipov, says his company in 2006 plans to attract 3,5 billion rubles ($122.7m) of foreign funding to nuclear submarine decommissioning.

According to Antipov, Germany, the UK, NORWAY, Sweden, France, Canada, Australia and the EU will allocate the funding. In 2006 Russia will allocate 2 billion rubles ($70.1m) to the decommissioning programs.

Antipov says Russia in 2005 will decommission 18 submarines, and next year another 15 vessels. A total of 196 nuclear submarines have been taken out of the Russian submarine fleet, of which 115 are decommissioned. Antipov also says that negotiations are being held over the inclusion of South Korea in the decommissioning funding program, reported RIA-Novosti.