Project 20386 corvette

Project 20386 is Russia's newest class of corvettes being constructed by Severnaya Verf for the Russian Navy. Based on the Steregushchiy-class corvette and Gremyashchiy-class corvette classes, the new class was to have been larger, incorporating a more stealthy design. As originally conceived, there were plans to build a series of at least ten such corvettes.

History
The lead ship of the class was laid down on 28 October 2016 and is expected to enter service after 2020. In February 2019, the technical readiness of the lead vessel reached 12%. On 9 April 2019, Russian Defence Minister Sergey Shoygu announced, the ship will be named Merkuriy (Mercury). However, the name may have been again changed to Derzky.

In July 2021, the superstructure of Derzky was delivered to Severnaya Verf.

On 31 May 2023, it was reported that the corvette would be redesigned for further development of innovative solutions.

On 7 July 2023, however, TASS quoted a source in the Russian defense industry that reported there would be no further construction of corvettes under the Project 20386 in its current form, with the program effectively being closed. The main reasons for this is due to the high cost and new technologies of the corvettes. Instead, more Steregushchiy-class and Gremyashchiy-class corvettes will be built by Severnaya Verf and the Amur Shipbuilding Plant.