Italy allocating 360m euros for Russian nuclear submarines’ dismantling

The agreement includes projects on nuclear submarines, nuclear surface ships and service ships dismantling, reprocessing, transportation and storage of radioactive waste, creation of nuclear sites physical protection system, radiation sites rehabilitation, creation infrastructure for nuclear submarines dismantling. The Russian Atomic Ministry and the Italian Ministry of Productive Activities are responsible for the projects. All the Italian aid will get tax exemption in Russia. The agreement is valid for 10 years, and extends automatically for 2 years more if the parties do not cancel the agreement before its expiry.