India, Russia Expected to Seal Arms Deal During Putin Visit

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The two are slated to discuss a number of key regional and global topics, including the USA sanctions on Iranian oil.

India has signed more than $15 billion in USA defense contracts since 2008, including for C-130J and C-17 transport aircraft, P-8I maritime patrol aircraft, Harpoon missiles and Apache and Chinook helicopters. Modi is expected to host Putin for talks Friday. Russian state-owned arms maker Almaz-Antey reportedly expects a 15 percent down payment upon the conclusion of the deal this week.

It is to be said that the S-400 missile system is one of the most advanced warfare technology in the world today. Just $5 a month.

The Kremlin said before the two-day visit by Putin and top Russian ministers that the "key feature" would be the signing of a $5bn deal for the S-400 air defence system, despite the risk of U.S. sanctions against countries buying Russian defence equipment. The S-400 deal has been caught in a diplomatic crossfire between the United States and Russian Federation, with Washington threatening New Delhi and other partners with sanctions if their defence deals with Russian Federation go through.

India is now looking to upgrade and diversify its capabilities, and sees the S-400 missile systems as a game-changer.

Putin will is scheduled to hold talks with Prime Minister Narendra Modi tomorrow.

Russian President Vladimir Putin (2nd from L) speaks at a plenary session of the Russian Energy Week global forum in Moscow on October 3, 2018.

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By approving the contract, the Indian government has defied the US Countering America's Adversaries Through Sanctions Act, also known as CAATSA on Russian Federation.

Ushakov told reporters in Moscow that Russian Federation and India plan to sign more than 20 documents at the end of the talks. We let him go. This will be the 19th annual India-Russia bilateral summit.

The 24-hour visit that could have lasting implications for the India-U.S. relationship as well.

According to a Times of India report, the two countries are also expected to announce a new space cooperation mechanism.

Last month, Russia's Deputy Foreign Minister Sergei Ryabkov said Moscow and Beijing were working together with the European Union to counter USA sanctions.

In May, PM Modi had travelled to Russian coastal city of Sochi for an informal summit with Vladimir Putin during which they discussed a range of crucial issues.