India, Russia sign $500 million Navy deal for 2 Stealth Frigates

India, Russia sign $500 million Navy deal for 2 Stealth Frigates

India and Russia have signed a $500 million contract to build two stealth frigates in Goa that are expected to be delivered by 2027.

Russia’s state-run arms exporter Rosoboronexport and India’s Goa Shipyard Limited (GSL) signed the contract in New Delhi to build the Grigorovich-class ‘Project 1135.6’ frigates with technology transfer from Russia, which is India’s top arms supplier.

The deal comes just weeks after the two countries inked a nearly $1 billion deal to import two other such warships from Russia. Those ships are being built at the Yantar Shipyard in Kaliningrad and are expected to be delivered to the Indian Navy by 2022-23.

GSL is expected to deliver the first frigate in 2026 and the second a year later.

The frigate deal comes a month-and-a-half after India signed a Rs 39,000-crore deal with Russia for the supply of Russian S-400 Triumf air defence missile systems to India, brushing aside Washington’s concerns about the purchase. Both the S-400 and the frigate deal are likely to be affected by the US sanctions legislation if India is unable to secure a waiver.

India is in talks with the US to secure a waiver from the Countering America’s Adversaries through Sanctions Act (Caatsa), arguing that its military is heavily dependent on Russian equipment and the two countries share a unique, time-tested relationship.

Source- Defencenews

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