China, Russia sign Amur-1650 submarines deal

2012-12-24 08:24:20 GMT2012-12-24 16:24:20(Beijing Time)  SINA.com

Russia’s state-owned arms exporter Rosoboronexport has signed a framework agreement with China on the joint development and construction of four non-nuclear Amur-1650 conventional submarines for the Chinese Navy, according to Russian media reports.

The final contract is tentatively worth $2 billion and is expected to be signed by the parties no earlier than 2015, Kommersant reported.

According to the agreement, two of the submarines will be built in Russia and two in China, a source close to Rosoboronexport told the business daily.

An additional agreement for the first stage of work could be signed by the end of the year, he said, adding that a Russian contractor had not yet been selected for construction of the submarines.

China may become the first buyer of the Amur-1650 submarines, beating out

India and Venezuela, both of which previously expressed interest, Kommersant said.

Another source close to the arms exporter said the submarine contract "is very important for Russia and tops the presidential list of projects with China."

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Editor: Mei Jingya
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