India, Russia Sign $5.5 Billion S-400 Deal During Modi-Putin Summit

India, Russia Sign $5.5 Billion S-400 Deal During Modi-Putin Summit

The spotlight will be on the S-400 missile defence system deal as, if signed, it could violate US sanctions under the Countering America's Adversaries Through Sanctions Act (CAATSA) instituted by the US Congress on arms purchases from Russian Federation. Speaking to CNN, Peter Layton, from Australia's Griffith Asia Institute, said the problem for the U.S. is that if it allows India to purchase the S-400 there is no reason why it should not also allow other countries, such as Turkey to do so too.

A contract for the delivery of five S-400 systems, one of Russia's most advanced anti-aircraft weapons, has been signed between Moscow and New Delhi, the Kremlin has confirmed.

India, meanwhile, is keen to deepen ties with the United States but not at the cost of severing a long-standing defense relationship with Russian Federation.

The contract was signed during President Vladimir Putin's trip to India.

He later was hosted for dinner by Prime Minister Narendra Modi at his residence, 7, Lok Kalyan Marg as both the leaders talked over a host of issues, including bilateral cooperation and strategic issues.

He further said the two leaders discussed about the situation that has cropped up as a result of the decision of the United States to withdraw from the Iran nuclear deal.

In talks with US officials, India has stressed its need for the air defense system to strengthen its capabilities against the might of China, whose ambitions are moving New Delhi and Washington closer.

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Upgrades in arms systems "including the S-400 air and missile defense system" would be a particular focus for CAATSA, a US State Department spokesperson was quoted as saying by India s PTI news agency.

The U.S. has already imposed sanctions on China after that nation bought the same type of missile system from Russian Federation in December and January. The US is now India´s second biggest arms supplier.

Other agreements - following a meeting between Putin and Prime Modi that began with a hug - were in railways and fertilisers and space, with Russian Federation undertaking to train astronauts for India´s first crewed space mission in 2022.

India and Russian Federation on Friday also signed a document for cooperation to implement new nuclear power project (NPP) following talks between Modi and Putin.

The US has made a law applicable to third countries so it must find the way out.

"Our country is looking at an investment protection and avoidance of double taxation agreement with India.We are also looking at trade in national currencies and a strategy for economic cooperation", Russian Economic Development Minister, Maxim Oreshkin, said addressing a joint business council organised by CII on Thursday.

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