Russia could supply Philippine navy with its first submarine | Taiwan News
TAIPEI (Taiwan News) – Filipino media have revealed that Russia is ready to offer loans to the Philippine government to help the country buy a new Russian submarine.
As the Philippines seeks to improve the capabilities of its navy, Filipino Defense Secretary Delfin Lorenzana announced on August 9 that Russia had offered “low-interest loans” to help the country buy a diesel-powered submarine. Russian-made electric Kilo class.
The announcement came the same day the Philippine Navy successfully tested its very first missile launch.
According to the Philippine Canadian Inquirer, Russia hopes to sell its second-hand kilo-class submarines that displace 2,350 tonnes and can reach speeds of up to 20 knots. Vietnam is said to maintain a fleet of six modified Kilo-class submarines.
The defense secretary reportedly said: “If we don’t have the money, Russia will lend us soft loans. A subsidized loan refers to a loan with very low interest or no interest.
The country is still considering other possible suppliers, with mentions from Europe and France, but the Defense Ministry hopes to make a decision on a supplier before the end of the year, according to the inspector.
“Maybe in the year, maybe in the next 12 months. Maybe we can finalize that. If this is approved, it will take them four years to do so, so it could be delivered when the term of the president (Rodrigo Duterte) is already over, ”he said.
The Manila Standard reports that currently the Philippines does not have a budget available to finance the purchase of a submarine, but Lorenzana and others in the Department of Defense are optimistic given the possibility of a subsidized loan from the Russia.
The acquisition of a submarine would significantly improve the ability of the Philippine Navy to defend the territories of the South China Sea. Currently, the Philippines is the only nation involved in territorial disputes in the South China Sea that does not have a submarine in its naval fleet.