ndia will pay about $2 billion to lease a nuclear-powered submarine from Russia, according to people familiar with the matter, finalising delivery of the vessel after roughly a decade of talks just as President Vladimir Putin makes a visit to New Delhi this week.
Talks for leasing the attack submarine from Russia had stalled over the years because of price negotiations, the people said, asking not to be identified because the discussions are private. The two sides have now agreed on the deal, with Indian officials visiting a Russian shipyard in November, they said. India expects to take delivery of the vessel within two years, although the complexity of the project means it could be later, they said.
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