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Japan to fund dismantling of Russian submarines

      RBC, 13.01.2005, Moscow 13:39:03.Japan is to help fund the dismantling of five Russian submarines docked in the Russian Far-East. Deputy head of the Russian Federal Atomic Energy Agency Sergey Antipov, and Japanese Ambassador to Russia Issei Nomura signed a corresponding agreement today. The agreement stipulates the signing of financial contracts, and more detailed study of the technical and financial issues related to the dismantling.

      As Nomura stated, it is too soon to announce the cost of the dismantling yet. After the signing of another agreement, Japan will determine the amount of funds it is providing for Russia. Antipov announced that it was not currently clear whether the dismantling of all five submarines would be carried out simultaneously. Russia has facilities that make it possible to dismantle up to nine submarines a year. Currently 32 submarines docked in the Far-East are subject to dismantling.

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