News

Govt refutes report of new $2 bn submarine deal with Russia, calls it 'misleading'

The government dismissed Bloombergs claim of a new $2 billion submarine deal with Russia, clarifying that the deal is part of a 2019 contract with delivery now rescheduled for 2028. Meanwhile, Russian Finance Minister Anton Siluanov expressed optimism about India-Russia trade reaching $100 billion by 2030, citing rapid growth, expanding cooperation across sectors, and the opening of VTB Banks new flagship office to strengthen financial infrastructure.