nuclear-news

Russia’s oil billionaires’ money finances new nuclear submarines

Putin Thanks Oil Billionaires for Rescuing Nuclear Sub Base, Feb. 20 (Bloomberg) — Prime Minister Vladimir Putin said he owed a debt of gratitude to oil companies TNK and OAO Surgutneftegas for providing the cash needed to keep Russia’s seaborne nuclear forces in the Pacific afloat in 2002.

Then-President Putin asked the non-state companies to fund the Vilyuchinsk base on the Kamchatka Peninsula after the military proposed closing the facility, Putin said in an article published today in government newspaper Rossiiskaya Gazeta.

“Now we have a modern base at Vilyuchinsk that will soon” be home to a new generation of nuclear submarines, he wrote……. http://www.businessweek.com/news/2012-02-20/putin-thanks-oil-billionaires-for-rescuing-nuclear-sub-base.html

February 21, 2012 - Posted by Christina Macpherson | Russia, weapons and war