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.
The US recent sanctions against China for purchasing Russian anti-aircraft missiles has not deterred India to buy S-400 from Moscow.
The deal is likely to be signed ahead of Russian President Vladimir Putin’s visit to India next week. “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 earlier this month.
According to The Economic Times, India will pay 15% of the contract amount in advance. The rest of the mount will be transferred depending on delivery terms. The first complex is to be delivered to the place of service in India within 24 months after the conclusion of the contract.
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.
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
The Trump administration imposed sanctions on the Chinese military yesterday for buying fighter jets and missile systems from Russia, in breach of a questionable US law called Countering American Adversaries Through Sanctions Act (CAATSA). This is the first ever sanctioning under CAATSA
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 Putins visit to India next month
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 will pay Russia the equivalent of 5.2 billion dollars in Rubles as the price of S-400 missile defence systems, the contract for which was signed between the two countries earlier this month
India and Russia have formally signed the $5.43 billion deal for the procurement of five S-400 Triumf missile defense system
Russian state-run Tecmash defense enterprise (part of Rostec) is looking for possible partners for its project of advanced small-caliber multiple launch rocket system. Tecmash will soon present its project of an advanced small-caliber multiple launch rocket system soon, Tecmash Deputy Director General Alexander Kochkin was quoted as saying by TASS Wednesday
The Indian MiG-29 aircraft are being upgraded to match capabilities of a 4.5 generation of fighter jet and will be capable of increased duration of sorties
India will be gifting three MiG-21 fighter jets to Russia during the upcoming India-Russia bilateral summit in New Delhi this week. “Three MiG-21s are scheduled to be handed over to Russians based on a request from their Defence Minister to our Defence Minister
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