Russia to lease nuclear-powered attack submarine to India for a cool $3 billion
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India, Russia To Sign $3 Billion Nuclear Sub Deal This Week
India and Russia are set to sign a $3 billion lease agreement for a nuclear-powered attack sub on March 7, according to local media reports. The Diplomat, By Franz-Stefan Gady, March 05, 2019 India and Russia are expected to conclude an intergovernmental agreement for a 10-year lease of a Russian nuclear-powered attack submarine (SSN) this week. The deal, estimated to be worth around $3 billion, will likely be inked on March 7, according to sources cited by The Economic Times. Neither the Indian nor Russian defense ministries, however, have officially confirmed that a signing ceremony will be held in the coming days. |
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