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Putin proposes to shift funding of building ships to new state program in 2016-2025

July 29, 2013, 14:50 UTC+3
"For the ships with the deadlines of commissioning after 2015 it is possible to set the amounts of funds already under a new state-funded program," Putin said
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NOVO-OGAREVO, July 29 (Itar-Tass) - Russian President Vladimir Putin finds it possible to shift the funding of building the ships, which are to be commissioned after 2015, to a new state-funded armament program in 2016-2025.

“I am aware that the ideas were voiced to make some changes in the effective state-funded armament program to fund the ships, which are to be commissioned before 2015. For the ships with the deadlines of commissioning after 2015 it is possible to set the amounts of funds already under a new state-funded program for a period of time until 2025, let’s consider it,” the president said at a meeting over the state defence order for the Russian Navy on Monday. “The most important thing is to avoid any flaws,” Putin underlined.

The president noted the need to compare the allocations with capabilities of the production industry. In his words, the allocations should not exceed the capacity of a concrete enterprise.

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