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Tuesday, February 17, 2015

Russia Angles to Snatch $20Bln Indian Fighter Jet Deal From France

MiG-35 Fulcrum-FRussia may be leveraging India's anger at French aerospace firm Dassault to kill a $20 billion aircraft deal, after allegations that the company seriously misled New Delhi on pricing its Rafale fighter jets.

After three years in limbo, Indian newspaper Business Standard reported on Monday that India's defense ministry now considers the contract "essentially dead."

Moscow lost out on the contract in 2012, when India chose Dassault's Rafale fighters over Russia's MiG-35 multi-role aircraft. With tensions between Russia and France high following Paris' decision last year to delay the delivery of two Mistral-class warships over conflict in Ukraine, analysts said that politics may have played a role in the demise of the French aerospace deal.

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