India had signed a USD 5.43-billion deal with Russia for the purchase of five S-400 systems during the 19th India-Russia Annual Bilateral Summit in New Delhi on October 5 last year for long-term security needs.
HIGHLIGHTS
- India had signed a USD 5.43-billion deal with Russia for the purchase of five S-400 systems in 2018
- The S-400 (System-400) is a long-range air-defence missile
- Deputy PM of Russia said that the S-400 missiles will be delivered to India as per schedule
"The advance payment has been received and everything will be delivered in strict accordance with the schedule, within about 18-19 months," Borisov told state-owned broadcaster Rossiya-1.
Last month, External Affairs Minister S Jaishankar was in Moscow to meet his Russian counterpart Sergey Lavrov to discuss ways to further advance bilateral cooperation.
India had signed a USD 5.43-billion deal with Russia for the purchase of five S-400 systems during the 19th India-Russia Annual Bilateral Summit in New Delhi on October 5 last year for long-term security needs.
indiatoday
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