December 8, 2009 9:03 PM

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India-Russia conclude Admiral Gorshkov's price agreement

India and Russia have successfully concluded the price agreement negotiations on the Admiral Gorshkov aircraft carrier ending a long standoff over the key defence deal. Briefing the media persons on board of Prime Minister’s special aircraft while returning from Moscow last night, the Foreign Secretary Nirupama Rao said that Russian delegation was in Delhi for negotiations and both the side agreed on mutual acceptable price. Replying to a query Mrs. Rao said that the issue also came up during the summit level talks between Prime Minister Manmohan Singh and Russian President Dmitry Medvedev in Moscow. She said that both the leaders discussed the issue and noted excellent progress on negotiations on price and technical issues which have been brought to a successful conclusion. However she has refused to give details about the cost acceptable to the both sides. The delivery of the aircraft carrier, now rechristened INS Vikramaditya, was agreed years ago but has been long delayed due to bargaining over refitting prices. The issue was also believed as a major road block between the two countries in inking new era of friendship.

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