Defence Secretary visits Russia to resolve Gorshkov’s pricing issue
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  • Defence Secretary Vijay Singh visited Russia to resolve the disputes resulting from the increase in price of the aircraft-carrier Gorshkov. Moscow had unilaterally increased the price of the carrier from $974 million in 2004 to $2.1 billion in 2007 and to a staggering $2.9 billion in February 2009. Besides the increase in price, the company repairing the carrier, Sevmash Shipyard, has also demanded advance payments and has slowed down the repairing process without them. It is expected that the carrier would possibly be inducted only by 2012 if the price deadlock is resolved1.

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