Russia to provide ‘soft loan’ for PH submarine project

DAVAO CITY (August 11) — Russia is more than willing to provide soft loan for the  Philippines to have its first-ever submarine, through “soft loans’ . Defense Secretary Delfin Lorenzana said Russia is offering to sell to the Philippines its Kilo-class diesel-electric submarines, which has surface displacement of 2,350 tons, a length of 73.8 meters and …