World Politics

Russia optimistic to seal S-400 missile def deal with India; this year itself

Russian side confirmed that the technical aspects of the contract have been agreed upon and a price just needed to be decided

Russia expects to sign the multi-billion dollar S-400 missile defence deal with India this year itself.

The Russian side confirmed that the technical aspects of the contract have been agreed upon and a price just needed to be decided.

It need be recalled that the it was on October 15, 2016 that India had announced a deal with Russia to purchase the S-400 Triumf air defence system.

While this deal alone is expected to be worth over $5.5 billion, the two countries had also agreed to collaborate in making four state of art frigates.

India also will soon set up a joint production facility for making Kamov helicopters.

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