REGIONAL GOVERNOR SAYS HE WILL SELL SUBMARINES TO COVER DEBT.

Publication: Monitor Volume: 3 Issue: 52

The governor of Russia’s Arkhangelsk region — home to the country’s only nuclear submarine producer — said yesterday that he intends "to sell a few submarines to friendly countries" to cover the state’s debt to the region’s defense plants. Governor Anatoly Yefremov put that debt at just over 1 trillion rubles. He said it was time to look to "nontraditional approaches" to resolve such problems. (Delovoi mir, March 12)

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