In a move expected to give Delhi a boost in the Indian Ocean against arch-rivals Pakistan and China, India has signed a $3 billion deal to lease a third Russian nuclear-powered submarine for 10 years, Vestifinance.ru reported.
According to the report, the deal took months to negotiate, and it comes as tensions run high between India and Pakistan following their biggest standoff in years, and as Chinese influence grows in the region.
A defense ministry spokesman declined to confirm the agreement to AFP but the reports said that the submarine, the third one India has leased from Russia, would be delivered by 2025.
Russia, India’s Cold War ally, remains a major supplier of arms to India, irking the United States which has imposed sanctions on nations buying military hardware from Moscow.
Last October Russian President Vladimir Putin and Indian Prime Minister Narendra Modi met and inked a deal for Delhi to buy Russia’s S-400 surface-to-air missile defense system for $5.2 billion.
But India also shares U.S. fears about China’s growing assertiveness in the Indian Ocean, where New Delhi has traditionally held sway.
In 2017 India and China had a military standoff over a Himalayan plateau claimed by both Beijing and Bhutan, a close ally of India.
China has made inroads in Sri Lanka and Maldives, countries that India considers to be in its sphere of influence, through its Belt and Road Initiative.
India has raised concerns about the initiative as a major section passes through Pakistan-administered Kashmir, a disputed territory which was again the fuse for the latest crisis.
