India signs $3 bn submarine deal with Russia
08 Mar 2019; AFP: India has signed a $3 billion deal to lease a third Russian nuclear-powered submarine for 10 years, giving Delhi a boost in the Indian Ocean against arch-rivals Pakistan and China, media reports said.
The deal -- which according to the reports took months to negotiate -- comes as tensions run high between India and Pakistan following their biggest standoff in years, and as Chinese influence grows in the region.
- Read more about India signs $3 bn submarine deal with Russia
- Log in or register to post comments