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India, Russia formally ink the $5 billion deal for S-400 air defence system

Russian President Vladimir Putin has reportedly inked a $5 billion deal for India to procure Moscow’s most advanced air defence system, the S-400 Triumf, risking US sanctions. Mr Putin arrived Thursday and was greeted by Foreign Minister Sushma Swaraj at the airport and welcomed by PM Modi at his residence. Russian President Vladimir Putin, who is on a two-day visit to India, met Prime Minister Narendra Modi on Thursday evening and was personally welcomed by Foreign Minister Sushma Swaraj at the airport. 

Putin arrived at the Hyderabad House here on Friday to attend the 19th India-Russia bilateral annual summit with Prime Minister Modi. They are slated to discuss a number of key global and regional issues, including the US sanctions on Iranian oil. India wants S-400 missile systems from Russia to change the strategic balance in the subcontinent.

The long-range missile systems will tighten India’s air-defence capabilities along the 4,000-km-long India-China border. The US could impose sanctions using the Countering America’s Adversaries through Sanctions Act or CAATSA legislation, which deals primarily with countries having “significant transactions” with Russia, North Korea or Iran.

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