Aircraft carrier deal with India estimated at USD1.5bn - Russian defense minister

NEW DELHI. Jan 19 (Interfax-AVN) - The contracts on the delivery of the Russian heavy aircraft-carrying cruiser Admiral Gorshkov to the Indian Navy are worth a total of USD1.5bn, Defense Minister Sergei Ivanov told Russian reporters on arriving in New Delhi on Monday.

"The total sum of the contracts for the aircraft-carrier and the deck aircraft is about USD1.5bn," he said.

Ivanov added that the sum also covers the training of ship personnel.