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Modi, Putin discuss GST

October 07, 2018 00:45· ‘A traitor to his motherland’: Putin lashes out, calls poisoned spy Sergei Skripal a ‘scumbag’

India signed a $5 billion deal to buy five Russian S-400 air defence systems on Friday despite a looming threat of United States sanctions on countries that trade with Russia's defence and intelligence sectors.

After signing a pact with Russian President Vladimir Putin for ISRO's ambitious human space mission project called "Gaganyaan" on Friday, Prime Minister Narendra Modi that Russia has committed full support to the initiative.

Under the more than $5 billion deal, Russian Federation will supply five regiments of the highly-sophisticated missiles to India.

Doval was tasked with convincing the trump administration that the S-400 deal does merit a USA presidential waiver from the provisions of the Countering America's Adversaries Through the Sanctions Act (CAATSA).

India signed an agreement for the purchase of S-400 air defense systems from Russia, Kremlin spokesman Dmitry Peskov said Friday. He noted that "if we move at such pace, we will reach the target ahead of time and will continue expansion". The US is now India´s second biggest arms supplier.

The GST was introduced in India on July 1, 2017. Modi said during the joint press conference that he hoped Russian Federation would help India develop its space program.

Deliveries of the S-400 will begin in 24 months, at the end of 2020, a government source told The Hindu.

Stating that the intent to slap sanctions on Russian Federation was to impose costs for its "malign behaviour", the U.S. also made it clear that any waiver will be considered on a transaction-by-transaction basis, adding it can not prejudge any sanctions decisions.

However, the United States is in a hard position when it comes to India. It is among the largest defence deals India has ever made.

Russian Federation building its second nuclear power plant in India is on the table too, as is the training of Indian astronauts in Russian Federation for New Delhi´s first crewed space mission in 2022.

The Russian President is accompanied by a high-level delegation comprising Deputy Prime Minister Yuri Borisov, Foreign Minister Sergey Lavrov and Trade and Industry Minister Denis Manturov among others during his two-day visit.

REUTERS/Adnan Abidi Although there was no public signing, the deal was sealed during President Vladimir Putin's ongoing visit to New Delhi for an annual summit with Indian Prime Minister Narendra Modi.






India risks USA sanctions with $5-bln purchase of Russian missiles
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