Adm Gorshkov row to be resolved with fresh contract

04 Sep 2009

1

Moscow: Russian officials have stated that the contentious issue of increased payments for the refit programme of the aircraft carrier INS Vikramaditya (ex-Adm Gorshkov) would be resolved through a new contract - likely to be signed mid-October. This was stated Thursday in a news conference in Moscow by Sergei Chemezov, the head of the state technology corporation, Rostekhnologii.

"An additional agreement will be signed," Chemezov said.

There is no word on this from New Delhi, however.

The Adm Gorshkov contract has become a festering sore in Indo-Russian relations with the unresolved dispute over increased payments for the ship lingering on for well over a year and a half.

Under a contract signed in 2004, Russia was to be paid a total of $1.5 billion for the refurbishment of the outdated Adm Gorshkov, including an air complement of MiG-29K Fulcrum carrier-based fighters.

Latest articles

Global Chip Sales Expected to Hit $1 Trillion This Year, Industry Group Says

Global Chip Sales Expected to Hit $1 Trillion This Year, Industry Group Says

Citi to Match Government Seed Funding for Children’s ‘Trump Accounts’

Citi to Match Government Seed Funding for Children’s ‘Trump Accounts’

Huawei-Backed Aito Partners With UAE Dealer to Enter Middle East Market

Huawei-Backed Aito Partners With UAE Dealer to Enter Middle East Market

AI is No Bubble: Nvidia Supplier Wistron Sees Order Surge Through 2027

AI is No Bubble: Nvidia Supplier Wistron Sees Order Surge Through 2027

Tech Selloff Weighs on Asian Markets; Indonesia Slides After Moody’s Outlook Cut

Tech Selloff Weighs on Asian Markets; Indonesia Slides After Moody’s Outlook Cut

Amazon Plans $200 Billion AI Spending Surge; Shares Slide on Investor Jitters

Amazon Plans $200 Billion AI Spending Surge; Shares Slide on Investor Jitters

Server CPU Shortages Grip China as AI Boom Strains Intel and AMD Supply Chains

Server CPU Shortages Grip China as AI Boom Strains Intel and AMD Supply Chains

OpenAI launches ‘Frontier’ AI agent platform in enterprise push

OpenAI launches ‘Frontier’ AI agent platform in enterprise push

Toyota set for third straight quarterly profit drop as costs and tariffs weigh

Toyota set for third straight quarterly profit drop as costs and tariffs weigh