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Russia, India to sign $5-bn deal for S-400 air defence systems this week

Putin's top foreign policy aide Yury Ushakov said the Russian President would oversee the signing of the agreement

Agencies  |  Moscow 

Modi, Putin
File photo of PM Narendra Modi and Russian President Vladimir Putin | Photo: AP/PTI

A contract for the supply of five regiments of Russia's S-400 air defense missile systems to worth $5 billion will be signed during Russian President Vladimir Putin's upcoming visit to India, Kremlin aide told reporters on Tuesday.

This comes a day after Kremlin spokesman Dmitry Peskov said that Putin will address the issue of defense industry cooperation during his visit to "Putin will indeed visit India, an official visit of the President of will take place. Indeed, a whole range of documents is expected to be signed, and indeed the issue of defense industry cooperation will be on the agenda.

I cannot provide any further details," Peskov had told reporters on Monday. Elaborating further about the defense industry cooperation, Kremlin aide talked about the S-400 Triumf system being the key feature of the visit. "The key feature of this visit will be the signing of a contract for the supply of the S-400 Triumf air defense missile system consisting of five regiments. The deal is worth over $5 billion," he said. "Certainly, special attention during the conversation in a narrow format will be paid to defense industry cooperation, which is one of the active components of our cooperation. The countries jointly develop and manufacture modern military products," he added. The Kremlin press service announced last week that the Russian president would pay an official visit to on October 4 and 5.

First Published: Tue, October 02 2018. 21:25 IST