Sukhoi deal hits turbulence as Russia wants to hike price
Russia wants to renegotiate its Su-30MKI and Admiral Gorshkov aircraft carrier contracts with India due to the falling dollar and double digit inflation in Russia.
Moscow has proposed to sell 40 more MKIs at the current cost escalation of 2.55 per cent per annum, it wants to hike that to a minimum of 5 per cent for the remaining 138 jets.
India will also have to pay more for Gorshkov to be delivered next year due to shortage of funds at the Sevmash shipyard and a gross underestimation of the cost of cabling of the ship.
Labels: INS Vikramaditya
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