India & Russia, signed a $5.43 billion deal for five S-400 missile system today during a summit between Prime Minister Narendra Modi and Russian President Vladimir Putin.
While India has a long history of signing big ticket defence contracts with Russia, this deal comes at a time of increased friction between the United States and Russia, Washington’s strong objections to the agreement and New Delhi’s own deepening defence cooperation with Washington.
“The S-400 deal was signed today at 1100 hrs by the Joint Secretary Land Systems from India and the Director General, Rosoboronexport of Russia,” a top government source said.
The deliveries will begin in 24 months, which is end 2020.
The U.S. has warned that the deal could attract sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) that restricts defence purchases from Russia, Iran and North Korea. It has to be seen if the U.S. would grant a waiver to India in this case.
Few other defence deals are also expected to be concluded, which will be announced during the joint statement after the talks.>