MOSCOW (Reuters) - An Italian-Russian project to build a new generation small submarine has been suspended because of the "political situation" following Western sanctions on Russia over the Ukraine crisis, Itar-Tass news agency said on Friday.
The decade-old deal between Russian company Rubin and Italian shipmaker Fincantieri to build a 1,000-tonne diesel submarine, the S-1000, is part of President Vladimir Putin's plans to revamp Russia's fighting force.
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