Neustrashimyy was designed as a replacement for the much smaller 'Grisha' class ASW corvettes, and was intended as the lead ship of a large class. With the collapse of the Soviet Union she became a unique one-ship class, as two sisters were scrapped incomplete, a fourth ship was cancelled, and follow-on ships were never ordered. She has six 533mm (21") torpedo tubes, which can also launch SS-N-16 ASW missiles. As is typical of Soviet/Russian ships, she has a heavy defensive SAM battery, including four SA-N-9 VLS groups and SA-N-11 SAMs. She can also carry 16 Kh-35 (SS-N-25) SSMs, but these have not been installed.

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