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India Russia sign agreements worth billions, heres more on it

The agreement to acquire five such systems from Russia was signed during delegation-level talks held here today

It is final and formal that India has indeed signed on to acquire the dreaded S-400 Triumf missile defence system deal.

This is amid the threat of sanctions from the United States under its law of CAATSA.

The agreement to acquire five such systems from Russia was signed during delegation-level talks held here today.

The agreement was reached in the presence of Prime Minister Narendra Modi and visiting Russian President Vladimir Putin during the annual 19th India-Russia Bilateral Summit.

India and Russia are also reported to have signed an agreement on space cooperation under which an Indian monitoring station will be built near the Russian city of Novosibirsk in Siberia.

Amid other crucial deals included are India planning to purchase 4 Krivak-class frigates from Russia.

It is learnt that the first two ships will be built at the Goa shipyard and the remaining two will be acquired directly from Russia.

The two countries have also resolved to increase connectivity between both the countries through the development of the International North-South Transport Corridor (INSTC).

“Our countries have mutual benefits in supporting the struggle against terrorism, Afghanistan & Indo-Pacific events, climate change; organisations like SCO, BRICS, G20 & ASEAN. We have agreed to continue cooperation with these international organisations,” said PM Modi.

India gives priority to its relations with Russia.

8 Memorandum of Understanding ( MoUs ), including in fields of Railways, space, nuclear, exchanged between India and Russia.

The scope of cooperation between India and Russia is all set to increase. Both the countries have also decided to avoid dollar trade.

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