India and Russia are likely to sign $5.5 billion deal to purchase S-400 air defense missile systems from Moscow ahead of Russian President Vladimir Putin’s visit to India next month.
“The negotiation with Russia on the S-400 have reached almost the final stage, we'll have to see it if it’s signed before the Russian President’s visit. But the negotiations are almost complete,” Indian Defense Minister Nirmala Sitharaman said during a press conference at Indian women's press corps in Delhi Tuesday.
The Indian Defense Acquisition Council (DAC) cleared the deal in July this year despite US opposition to the deal. The deal gained preliminary approval from the DAC in 2016.
The United States stated late last month that they cannot guarantee India a waiver from sanctions if it purchases the S-400 air defence system from Russia.
India will be able to purchase the Russian S-400 Air Defence System without fear of United States sanctions following a waiver granted under the US National Defence Authorization Act (NDAA). Further, India may have negotiated an attractive price for the system bringing it below US$5
India has rejected a United States delegation's demand that it should not buy the S-400 air defence system from Russia in view of Washington's Countering America's Adversaries Through Sanctions Act (CAATSA). "We have told the US Congress delegation [that visited India] that this is US law and not a UN law," The Tribune reported quoting Defense Minister Nirmala Sitharman Friday
The Indian Defense Acquisition Council (DAC) has cleared a $5.5 billion agreement to purchase S-400 air defense missile systems from Russia despite US opposition to the deal
India has agreed to buy four S-400 Triumf air defense missile systems for nearly $5.9 billion (INR 40,000 crore) from Russia
India and Russia have formally signed the $5.43 billion deal for the procurement of five S-400 Triumf missile defense system
When Russian President Putin visits India on October 5, he is expected to oversee the signing of defence deals worth an estimated US$10 billion, the single-biggest bunch of defence contracts to be concluded at one time between the two countries. The deals include the US$5
The Indian Cabinet Committee on Security (CCS) headed by the Prime Minister, Narendra Modi, on Wednesday approved the purchase of S-400 air defense missile systems from Moscow for an estimated $5.5 billion
While India and Russia are currently finalizing a deal on the S-400 long-range air defense missile system (ADMS), Moscow is now understood to be getting New Delhi interested in its Buk-M3 medium range and Tor-M3 short-range missile defence systems to form a single air-defence network. A suggestion to this effect had been mooted by Dmitry Shugaev, director of the Russian Federal Service for Military Technical Cooperation (FSMTC) during the Army 2018 exhibition in Moscow last month while speaking to a group of journalists
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Christian Michel, a British national alleged to be a middleman in Indias $500 million AgustaWestland VVIP chopper deal has gone missing hours after a Dubai court ordered for his extradition Tuesday. “He (Christian) could not be found since the court ordered his extradition,” Christian Michels lawyer, Amal Alsubei was quoted as saying by NDTV Wednesday
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