Russia's Navy Commander Vladimir Vysotsky, during a military parade on the occasion of Navy Day, announced that Russia is revamping its mighty navy by building new aircraft carriers and updating its fleet of nuclear submarines.
The commander said that five or six new aircraft carrier battle groups would be built to be deployed in the Northern and Pacific fleets. It was reported that the construction of the aircraft systems would begin after 2012. The new aircraft systems will operate in close contact with Russia's military satellites, and also with the Air Force and air defense.
He said that they are also taking steps to introduce new submarine technologies. The country is also set to modernize its Arctic Wind class submarines, the first of which was launched in February and is expected to be fully operational by the end of the year. It was reported that two more submarines of this class were being built.
Currently, Russia has only one operational aircraft carrier, the Nikolai Kuznetsov, which was commissioned in the early 1990s and has recently reentered service after a long overhaul. In 2000, one of the newest Kursk nuclear submarines sank in the Barents Sea killing all the 118 sailors in board.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.