Russia has launched construction of a third strategic submarine of the Project 955 Borey class. (The plan to launch a new submarine was first made public in January 2006.) The submarine, named "Vladimir Monomakh" will be built at the Sevmashpredpriyatiye production plant and will join the two submarines of this class that are currently under construction there.

Construction of the first submarine, Yuri Dolgorukiy, is not expected to be completed until 2007. It was reported that it is about 70 percent complete today (the second submarine, Aleksandr Nevskiy, was reported to be 50 percent complete). According to the commander-in-chief of the Russian Navy, Admiral Vladimir Masorin, the first submarine will not enter service until 2008. Masorin was also reported as saying that the production plan calls for six submarines of the Borey class to be constructed in the next decade. He expects the fourth boat to be launched in 2007.