India transferred Russia $102 million for the modernization of “Admiral Gorshkov”
India transferred Russia $102 million of additional funding for the modernization of the aircraft carrier “Vikramaditya’ (formerly Admiral Gorshkov). This was confirmed by “Vedomosti” director general of the enterprise “Sevmash” Nikolay Kalistratov. Allocation of these funds was approved by the Government of India last summer.
The contract for the modernization of the “Admiral Gorshkov”, which is called one of the most problematic deals in Russia, was signed in 2004, the period of performance – in 2012. Initially, it was estimated at $ 1.5 billion, including the delivery of 16 deck fighters MiG-29K for $ 750 million, but then Russia’s side demanded to increase the price of the contract. The overall cost of the work on the “Sevmash” valued at $ 2 billion, but the Indians found it too high and stopped funding.
President Dmitry Medvedev in June, during a visit to the Sevmash, spoke about the need to perform the contract, noting that it was” the only problem in Russo-Indian relations. ” Now, according to a source in Rosoboronexport, talks about the new contract was entered into the final stage and can be completed before the end of the year.