India and Russia ink $500m deal for construction of two naval warships

India and Russia on Tuesday inked a $ 500 million deal for design and transfer of technology for the construction of two guided-missile stealth frigates at the Goa Shipyard, in yet another indication that New Delhi will continue to have expansive defence collaboration with Moscow despite the threat of financial sanctions from Washington.

from Times of India https://ift.tt/2Q8mrFd