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India inks over $3 billion deal with Russia for nuclear submarine despite the threat of US sanctions

INS Chakra 2 NEW DELHI: India on Thursday inked yet another mega defence deal worth over $3 billion for the lease of a nuclear-powered attack submarine from Russia, despite the threat of US financial sanctions still looming over the earlier $5.4 billion contract inked for Russian S-400 Triumf missile systems in October last year. Defence sources said the over $3 billion (around Rs 21,000 crore) contract for the Akula-1 class submarine, which will be ready by around 2025, includes a comprehensive package for refurbishment of the nuclear boat lying mothballed at Severodvinsk, its sustenance and spares support for 10 […]

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