India, Russia to discuss leasing of another nuclear powered attack submarine, AK-47s for Indian Navy


The leasing of another Akula-II class nuclear powered attack submarine for $ 3.3 bn, deal for Kalashnikov’s AK-47 rifles to be made in India, besides other critical issues will be on the table for discussion between Defence minister Nirmala Sitharaman and Russian Defence Minister Sergey Shoigu next week.

The Akula-II submarine is expected to replace INS Chakra, which was taken on a 10-year lease from Russia for $2.5 billion in 2011 and the lease is expiring in 2022.

Highly placed sources told Financial Express Online that, “The Russian Minister is coming for the plenary session of Indian-Russian Intergovernmental Commission on Military-Technical cooperation (IGC-MTC) from Dec 12-13.

” He is accompanied by Dmitriy Shugaev, Director, Federal Service for Military Technical Cooperation (FSMTC) of the Russian Federation, and is responsible for defence exports.” Read More

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