Corrected: Italy suspends participation in S1000 submarine project with Russia - official
(to change 'France' to 'Italy' throughout news item issued at 11.22 a.m.)
ALABINO, Moscow region. Aug 4 (Interfax-AVN) - The Russian-Italian project to design a S1000 small-displacement submarine has been suspended, said Oleg Bochkaryov, Deputy Chairman of the Russian government's Military-Industrial Commission.
"The S1000 small submarine project has now been suspended. The Italian have refused to proceed in this joint work," Bochkaryov told Interfax-AVN at the Russian Defense Ministry's innovations exhibition which opened in Alabino just outside Moscow on Monday.
He did not rule out the project could resume in future.
"I think it is some kind of a freeze. The Italian business wants to continue it. It means orders, money, jobs. But so far politics has prevailed over business," Bochkaryov said.
