The Russian Navy will acquire at least ten new Borey class strategic nuclear submarines in line with a revised state armament procurement program aimed at raising the submarine fleet as the core of the country's naval force in future, the Kommersant daily reported on Tuesday.
The revised document also envisions the procurement of ten Graney class nuclear attack submarines and 20 diesel-electric subs, including six Varshavyanka class vessels.
Prime Minister Vladimir Putin had said last year that procurement of new warships and submarines for the Navy would be a priority over the next decade. The government has allocated five trillion rubles ($166 billion) or a quarter of the entire armament procurement budget until 2020 for this purpose.
In addition to submarines, the Navy will receive 14 frigates, 35 corvettes, six Buyan class small artillery ships and six Ivan Gren Class large landing ships.
Deputy Prime Minister Dmitry Rogozin, who is also in charge of defense production, said on Monday Russia would evolve by June a detailed 30-year plan for strengthening its naval forces.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.