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India inks missile deal with Russian Federation

India inks missile deal with Russian Federation

"Experts say India needs the sophisticated S-400 system to fill critical gaps in its defense capabilities, in view of China's rise and perceived threats from Pakistan, against whom India has fought three wars", the Agence France-Presse (AFP) agency reported Thursday.

The S-400 missile system, manufactured by Almaz-Antey, is capable of tracking and destroying hostile strategic bombers, jets, missiles and drones at a range of 380 km.

Officials with India's external affairs and defence ministries confirmed the deal was signed after Putin and Modi made no reference to it during a news conference following their talks.

The US passed the Countering America's Adversaries Through Sanctions Act earlier this year, and said countries trading with Russia's defence and intelligence sectors would face automatic sanctions under the sweeping legislation.

Neither Modi nor Putin mentioned the deal in their statements to the media.

However, the headliner deal from the visit, the S400 package, will pose a big test for US-India relations. SPONSORED "The deal was signed on the fringes of the summit", Kremlin spokesman Dmitry Peskov told Reuters. At present, Russian Federation is also embroiled in negotiations with Qatar to sell the S-400 systems. She did not comment on the deal, but said that any waivers would be considered on a transaction by transaction basis.

India has also been irked by Trump's decision to exit from the 2015 nuclear deal between major powers and Iran, a major supplier of oil to the fast-growing Indian economy.

One of the announcements would be holding of the joint India-Russia counter-terrorism exercise, Indra-2018, set to be held from November 18 to 28, 2018.

If the U.S. does impose sanctions on India, it is unclear how India could pay Russian Federation for the military equipment, since the law bars dollar-denominated financial transactions.

Modi and Putin signed eight agreements during the Russian president's two-day trip to New Delhi.

India has also developed closer defense ties to the USA in recent years with joint military drills and defense sales.

Relations between India and Russian Federation had taken a backseat. He added that the two would continue cooperation at worldwide groups such as the Shanghai Cooperation Organisation, BRICS, G-20 and the Association of South East Asian Nations.

The Russian president said he had also discussed the situation in Syria with the Indian prime minister.

The president of state-run Russian bank VTB, Andrei Kostin, said in Delhi on Friday that the two countries aimed to triple the two-way flow of goods and services to $30 billion.

He said that the trade growth between the two nations is impressive but there is a high potential to increase the volumes.

Putin also invited Prime Minister Narendra Modi to attend the Vladivostok Forum as the main guest.

PM Modi received Putin at the Hyderabad House and the two leaders warmly shook hands and hugged each other obliging cameramen.


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