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Russia plans to invest billions in Black Sea Fleet

13th May 2014 - 14:47 GMT | by Eugene Gerden in St Petersburg


The Russian government plans to invest up to 86.7 billion roubles ($2.8 billion) by 2020 in the development of the national Black Sea Fleet, it has emerged.

According to a recent statement by Sergei Shoigu, Russia’s Minister of Defence, additional funds will be provided under the federal programme covering the basing system of the Black Sea Fleet.

Under the Russian Ministry of Defence plans, in light of the recent annexation of Crimea the existing programme will be seriously adjusted and is a direct response to increased US Navy activities in the Black Sea.

Russia has had concerns about the presence

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Eugene Gerden


Eugene Gerden

Eugene Gerden is a Shephard correspondent based in St Petersburg.

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