Russian czar approved huge naval budget for a period of 7 years according to the magazine Mitteilungen aus dem Gebiete des Seewesens 1896 nr. 4

An item reported that the Russian czar approved the navy budget for the next 7 years of totally 413 million rubles, of which 57 million for this year, annual to be increased with 500.000 rubles resulting in 1902 of a annual budget of 60.500.000 million rubles.