Russia and India signed Jan. 12 a contract worth $1 billion for three Krivak-class frigates to be built for the Indian navy. The contract went to Kaliningrad-based Yantar Shipbuilding, which is state-controlled, over St. Petersburg-based rivals Severnaya Verf and Baltiysky Zavod. The first vessel will take more than four years to deliver, according to Yantar first deputy general director Vladimir Kiselyov.
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