India finalizes $2 billion Russia sub deal
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India operates two ballistic missile submarines as its sea-based strategic deterrent against neighbors China and Pakistan.
Naval Technology on MSN
India debunks media reports of new Russian submarine lease
These reports surfaced just ahead of Russian President Vladimir Putin’s scheduled visit to India on 4–5 December 2025.
India will lease a nuclear submarine from the aggressor country russia, for which it will pay about USD 2 billion. Negotiations on this have been going on
The government refuted a Bloomberg report claiming India and Russia finalised a $2-billion nuclear submarine lease, saying no new deal has been signed and the vessel referred to is from a 2019 contract.
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Vladimir Putin visit: India to lease $2 billion Russian submarine, boosting naval power, says report
India has agreed to lease a Russian nuclear-powered attack submarine for roughly $2 billion, marking a significant boost to its naval capabilities as President Vladimir Putin visits New Delhi. The submarine,
A PIB Fact Check, after a Bloomberg report that claimed that 'India clinches $2 billion Russia submarine deal as Putin visits', clarified that the upcoming lease of Chakra III, purportedly the Russian Navy’s K-322 Kashalot (Akula II-class) SSN, is based on a contract that was signed in 2019.
Mahe represents the cutting edge of India's Aatmanirbhar Bharat initiative in naval ship design and construction.