US Edition'Misleading': Govt Dismisses Claim of New $2bn Submarine Lease with Russia
- The Union government of India dismissed a claim regarding a $2 billion submarine lease with Russia as 'misleading'.
- The Press Information Bureau clarified that the submarine deal is linked to a contract from 2019, with delivery scheduled for 2028.
- India's bilateral relationship with Russia remains strong, emphasizing military cooperation and developing new models for collaboration.
- During Russian President Vladimir Putin's visit to India, discussions are planned to enhance bilateral trade and cooperation.
13 Articles
13 Articles
‘Misleading’: Government Refutes News Report on New USD 2 Billion India-Russia Nuclear Submarine Deal | 🔎 LatestLY
The PIB statement clarified that the submarine lease referred to in the story, which was published by news agency Bloomberg, is based on a contract signed almost six years ago, in 2019. The delivery of the submarine is scheduled for 2028, it added. 🔎 ‘Misleading’: Government Refutes News Report on New USD 2 Billion India-Russia Nuclear Submarine Deal.
Times of India
The Economic TimesGovt refutes report of new $2 bn submarine deal with Russia, calls it 'misleading'
The government dismissed Bloombergs claim of a new $2 billion submarine deal with Russia, clarifying that the deal is part of a 2019 contract with delivery now rescheduled for 2028. Meanwhile, Russian Finance Minister Anton Siluanov expressed optimism about India-Russia trade reaching $100 billion by 2030, citing rapid growth, expanding cooperation across sectors, and the opening of VTB Banks new flagship office to strengthen financial infrastru…
Govt fact checks report claiming India, Russia sealed USD 2-billion submarine deal
The government has debunked a Bloomberg headline claiming India clinched a new USD 2-billion submarine deal with Russia, saying no fresh agreement has been signed. The nuclear-powered attack submarine referenced in the report is part of an existing lease contract inked in March 2019, whose delivery has been delayed to 2028.
The Indian Navy will primarily use the submarine for training purposes and will not be able to use it in war.
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