Russia to lease $2 billion worth nuclear attack submarine to India

Russia has accepted to help India and agreed to lease a second nuclear attack submarine worth $2 billion, during the Russia and India summit. Other major defence deals were also signed during this summit.

The agreement wasn’t made public but was signed during the BRICS summit that happened in Goa. Other major defence deals that happened during the summit were the S-400 Triumf air defence systems, the joint venture of Kamov helicopters and frigates, worth billions of dollars.

According to a report written by Alexei Nikolski, a columnist with a Russian daily Vedomosti, a person in Russian defence ministry has confirmed the deal.

"According to a person in the Russian defence ministry, the long discussed lease to transfer a multipurpose Project 971 nuclear submarine to India from the Russian Navy was signed in Goa,” the report said.

Earlier, India has received a similar kind of submarine- Project 971 also known as Akula-II, on lease from Russia. Indian Navy is operating this AkulaII class submarine and it is called INS Chakra.
(image:Indiatimes)