India has finally concluded price negotiations with Russia for a nearly Rs 40,000 crore deal to procure S-400 Triumf air defence missile systems for the Indian Air Force. Both India and Russia now have to find a way to evade the United States’ Countering America’s Adversaries Through Sanctions Act (CAATSA). It is a law formulated by the US to punish countries and entities involved in defence transactions with Russia.
A Russian official confirmed that the final price negotiations had been concluded, reported PTI. Both the nations are likely to announce the deal before an October’s annual summit between Prime Narendra Modi and Russian President Vladimir Putin. Both the leaders met in Sochi last week and supposedly the both might have discussed the deal.
The US had announced sanctions against Russia for its alleged involvement in meddling in the US presidential elections. CAATSA came into effect in January. Many US lawmakers and experts are of the opinion that India should be exempted from CAATSA. US Secretary of State Mike Pompeo has urged the Congress to provide necessary waiver to exempt India from the law. Similarly, US Defence Secretary Jim Mattis last month appealed to the Congress to urgently provide India the national security waiver.
India wants to procure the long-range missile systems to tighten its air defence mechanism, particularly along the nearly 4,000-km-long Sino-India border. In 2016 an agreement was signed between India and Russia on ‘Triumf’ interceptor based missile system. S-400 is an advanced version of S-300. The missile system can destroy incoming enemy fighter jets, missiles and even drones up to the range of 400 km. This missile system is manufactured by Almaz-Antey and is serving Russian Military since 2007.