India and Russia on October 5, 2018 signed a USD 5.43 billion deal for India to procure the S-400 Triumf missile system from Russia. The deal was signed following the 19th India-Russia Annual Bilateral Summit between Prime Minister Narendra Modi and Russian President Vladimir Putin and other delegates. Russian President Vladimir Putin is on a two-day visit to India.
S-400 Triumf Missile System deal :
After bilateral talks between Prime Minister Narendra Modi and Russian President Vladimir Putin, India and Russia signed the USD 5.43 billion deal for S-400 air defence system. The system is expected to be delivered by 2020.
S-400 air defence system :
- An upgraded version of the S-300 systems, the S-400 is a surface-to-air missile system that can take down enemies’ aircraft in the sky from the surface itself.
- Known as Russia’s most advanced long-range surface-to-air missile defence system, S-400 is capable of destroying hostile bombers, jets, missiles and drones at a range of 380 km.
- The S-400 missile system was manufactured by Almaz-Antey and has been in service in Russia since 2007.
Annual Bilateral Summit :
• Both the sides reaffirmed their commitment to the Special and Privileged Strategic Partnership between India and Russia.
• They reaffirmed that being multicultural, multilingual and multi-religious societies, India and Russia bring civilisation wisdom to address modern day challenges.
• Subsequent to the successful implementation of the Protocol on Foreign Office Consultations for the period 2017-18, they agreed to extend the period of Consultations for five more years (2019-2023) and signed a Protocol to this effect.
• They welcomed the agreements reached in November 2017 between their concerned authorities, for cooperation on internal security, drug trafficking and disaster management, including the Joint Action Plan for the period of 2018-2020.
• They showed their satisfaction with the implementation of the Cultural Exchange Programme for 2017-2019 signed in 2017.
• They reviewed the progress on the achievement of the goal to increase two-way investment to USD 30 billion by the year 2025.