India and Russia have formally signed the $5.43 billion deal for the procurement of five S-400 Triumf missile defense system.
The deal was signed between Prime Minister Narendra Modi and Russian President Vladimir Putin Friday.
The Indian Cabinet Committee on Security (CCS) headed by the Prime Minister, Narendra Modi had given a go ahead for the deal last month. The US Countering America's Adversaries through Sanctions Act or CAATSA legislation, which deals primarily with countries having "significant transactions" with Russia, North Korea or Iran has not deterred India to buy S-400 from Moscow.
Upgrades in arms systems "including the S-400 air and missile defence system" would be a particular focus for CAATSA, a US State Department spokesperson was quoted as saying by PTI.
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.
Modi and Putin also discussed the $ 2.2 billion deal for four new frigates at the top level but will sign the formal contract at a later date.
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
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
Russia today detailed the delivery schedule of the S-400 Triumf Air Defence System to India under which the first of the five systems will arrive in the autumn of 2020 and the last by spring of 2023. Under the contract concluded in New Delhi on October 5 Russia is to supply to India five regimental sets of S-400 systems, each consisting of a regimental command center and two battalions of launchers (eight in each battalion), TASS said quoting a ‘military-diplomatic source
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 signed an agreement to purchase two Admiral Grigorovich-class (Project 11356) frigates for $960 million for the Indian Navy. According to the deal signed last week after price negotiations, two frigates of the Project 11356 class will be bought directly from Russia and a contract to build two more at an Indian yard is likely to be signed at a later stage, Indian media and sources close to Defenseworld
Russian units operating the S-400 air defence system will receive the 40N6 advanced long-range surface-to-air missile which was recently has been accepted for service in the Russian Army. "The 40N6 long-range missile has been accepted for service
The Russian ministry of defense will procure 230 propeller planes for primary training of pilots. "The military agency is about to buy 230 propeller planes for primary training of pilots
Russian arms exporting agency, Rosoboronexport today said several contracts are in final stages of negotiations with India following the signing of the S-400 missile defence system deal today. “Rosoboronexport is ready to cooperate with India in any areas
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