This year the priority will be given to the new generation submarines Severodvinsk and Yury Dolgoruky of Borey project. Significant resources will be spent for the equipment of these nuclear submarines. Never before the plant’s demands for the funding were fully financed, but this year the Sevmash plant received 100% of the needed sum.

Sevmash also continues testing of the upgraded Dmitry Donskoy and holds guarantee for the recently built Gepard, Tigr, Arkhangelsk, which were transferred to the navy. The state also allocated money to complete suspended Belgorod nuclear submarine, which should substitute Kursk and gained the sad reputation of the “long haul” among the workers. But according to media reports, some specialists believe the money allocated is not enough to complete its construction. It is also planned to begin repairs of the nuclear cruiser Admiral Nakhimov and maybe unload nuclear fuel if the funds allow, Storozhilov said to ITAR-TASS. The Russian Defence budget is $14,442 billion in 2004 and is one of the biggest items of the Russian State budget for 2004.