Cabinet allocates 805 million for a new corvette

Cabinet of Ministers of Ukraine will allocate 805 million UAH from the state budget for building a new full-blown military ship of the class "corvette".

As reported by Prime Minister Yulia Timoshenko, the government ratified a decree, provided for development and production of ships of this class starting from current year, ForUm's corespondent reported.

"It is a big and rather effective program," said Timoshenko, having pointed out that the new ship "will be in popular demand not only in Ukrainian army; it will be a liquid article on foreign markets."