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Looks like the Russian company has waken up to the new realities and changed their tune.
Vande Bharat Manufacturing Deal: RVNL And Russian TMH Resolve Differences, To Sign Agreement
Russian rolling stock major TMH and Rail Vikas Nigam Limited (RVNL), Indian Railways PSU have resolved their differences and agreed to sign the Shareholders Agreement for manufacturing of 120 Vande Bharat trains with AC Sleeper coaches
swarajyamag.com
Russian rolling stock major TMH and Rail Vikas Nigam Limited (RVNL), Indian Railways PSU have resolved their differences and agreed to sign the Shareholders Agreement for manufacturing of 120 Vande Bharat trains with AC Sleeper coaches.
Head of business development in India, TMH Group, Sergey Medvedev had told Swarajya in an interview this month that "Administrative and legal preparations are underway to establish the jv company in accordance with local laws and requirements. The Performance Bank Guarantee has been prepared and will be issued immediately after the JV has been established".