Deputy Director of the Federal Service on military-technical cooperation Aleksandr Fomin confirms that the contract with the Indians will not bring profits to the Russian side, Korabelnaya Storona reports.
In negotiations with the Indian Navy late last year, the Russians demanded that the Indians pay up to two billion USD additional for the reconstruction. According to media reports, the Indian side has expressed willingness to pay, but has not yet provided necessary guarantees.
The “Amdiral Gorshkov” was sold to India in 2004. Since then it has been docked in the Sevmash yard in Severodvinsk, Arkhangelsk Oblast, for upgrades. The Indians have renamed the vessel “Vikramadia”.
The original Russian-Indian agreement of 2004 included a cost frame of 974 million USD for upgrades and an additional 530 million USD for the acquisition of 16 MIG-29K fighter jets and a number of KA-31 and KA-27 helicopters, Wikipedia informs.
