Shipbuilding chief says Russia's lone aircraft carrier likely to be scrapped or sold

Efforts to overhaul it have suffered repeated accidents and setbacks.

Asked about its fate on Thursday on the sidelines of a flag-raising ceremony for a new nuclear submarine in northwestern Russia, Kostin made it clear that a final decision had not yet been taken, but suggested that the Admiral Kuznetsov was no longer worth spending money on.

"We believe there is no point in repairing it anymore. It is over 40-years old, and it is extremely expensive...I think the issue will be resolved in such a way that it will either be sold or disposed of," Kostin was quoted as saying by Kommersant.