Talks underway with Russia for credit - purchase of Gepard-class frigates : Report

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According to reports by Russia's Federal Service for Military-Technical Cooperation, Russia and Sri Lanka are in talks to purchase Gepard-class frigates.

Talks are reported be underway between the two countries on the credit purchase of Gepard-class Project 1166.1 frigates, the Gepard 5.1, Russia's Federal Service for Military-Technical Cooperation (FSMTC) spokeswoman told Sputnik yesterday.

"The delivery of the project Gepard 5.1 to Sri Lanka is planned on the basis of an intergovernmental agreement on providing a state export credit for its financing," Maria Vorobyeva is quoted as telling the publication. The issue is being addressed with government bodies including the Russian Finance Ministry.

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