Despite the threat of American sanctions, India and Russia have concluded price negotiations for a nearly Rs 40,000 crore S-400 Triumf air defence missile systems.
The two countries are now trying to find a way out to evade the provisions of a US law that seeks to punish countries and entities engaged in transactions with the defence or intelligence establishment of Russia.
It is now said that the officials of the two countries would make the announcement prior to the annual summit between Prime Minister Narendra Modi and Russian President Vladimir Putin in October of this year.
The issue is understood to have figured during Modi’s informal talks with Putin in Sochi last week.
There has been mounting concerns in India over the US sanctions against Russian defence majors including Rosoboronexport as billions of dollars of military purchases may be impacted because of the punitive measure.
The US had announced sanctions against Russia under the stringent law for its alleged meddling in the American presidential election in 2016.>