Support The Moscow Times!

China Mulls Buying Russian Submarines

State arms exporter Rosoboronexport has signed a framework agreement with China on the joint development and construction of four non-nuclear Amur-1650 conventional submarines for the Chinese Navy, a news report said Thursday.

The final contract is tentatively worth $2 billion and is expected to be signed by the parties no earlier than 2015, Kommersant reported.

The agreement stipulates for two of the submarines to be built in Russia and two in China, with special provisions in place in the contract to ensure that no intellectual property is copied from the Russian side, a source close to Rosoboronexport told the business daily.

An additional agreement for the first stage of work could be signed by the end of the year, he said, adding that a Russian contractor had not yet been selected for construction of the submarines.

China may become the first buyer of the Amur-1650 submarines, beating out India and Venezuela, both of which previously expressed interest, Kommersant said.

Another source close to the arms exporter said the submarine contract "is very important for Russia and tops the presidential list of projects with China."

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.