Europe’s Russian LNG Dilemma Deepens as Shadow Fleet Risks Mount in the Arctic
As the European Union tightens sanctions on Moscow, Russia’s Arctic energy exports continue to find buyers—and increasingly rely on opaque and potent...
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Publish date: August 27, 2004
News
We will not forget Belgorod he concluded.
According to Strana.ru with reference to a representative of the Sevmash plant, the lack of proper financing from the state budget in 2004 delays and makes expensive the construction of Oskar-II class nuclear submarine Belgorod . Russia allocated $1.7m for Belgorod this year, but $1.5m were then transferred for other projects. The submarine is 80% completed and requires $100m to finish the construction, the representative said to Strana.ru. However, the cost can rise 10% as the equipment gets older during construction time. So, Belgorod can be ready not later than 2006 if enough financing is provided, the Sevmash representative added.
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