22 October 2004
Russian Defense Minister Sergei Ivanov is denying reports that Russia will lease a nuclear submarine to India.
The Interfax news agency says Mr. Ivanov told reporters Friday in the Ural mountain region of Orenburg that he had discussed military cooperation with India, but reports on the lease are false.
Interfax on Thursday quoted sources in Russia's defense industry as saying India would lease an Akula-class nuclear-powered submarine.
The report said the deal was signed earlier this year and could earn Russia tens of millions of dollars per year.
Information for this story provided by AP.