Military of China, force comment.
Military of China, force comment.

As the credit crunch, Russia’s Military Industrial Commission may further delay India’s defense orders. Pictured in January 2008 are converted aircraft carrier for India
lack of funds to the Russian workers can not complete the task orders

Indian National Outlook Web November 11, 2008 reported that the recent financial crisis, Russia defense industry is being weakened, it makes it difficult to complete the national defense industry orders for new weapons, missions, which may lead to India’s strategic weapons systems to further delay the delivery date.

Russian Deputy Prime Minister Sergei Ivanov said that the current defense program is facing many serious shortage of funds, and this situation for some time in the future will be more difficult.

the credit crunch, Russia’s Military Industrial Commission may further delay India’s defense orders, these orders include “Kiev” class aircraft carrier “Admiral Gorshkov” (Admiral Gorshkov) No. of upgrades and Kaliningrad shipyard under construction in three “Taer Wa” (Talwar) class stealth frigates.

Ivanov has demanded an emergency from government financing, defense orders for the completion of the task and ensure the stable operation of the national defense system. Russia’s defense system has not yet been fragmented state of the former Soviet Union to recover fully.

in the recently held a “foster strategic defense enterprises” within the department meeting, Russia’s Ivanov asked three state-owned commercial banks – Sberbank, VTB and VEB defense contracts to increase defense industry projects of the credit committee amount. (China Shipbuilding Technology and Economy Research Institute Wen Jiafeng)

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