Russian President Vladimir Putin is on a two visit to India, and is expected to ink a weapons deal worth billions of dollars with India.
The Russian President, along with Prime Minister Narendra Modi, will hold the 19th India-Russia annual bilateral summit today during which there is a possibility of inking of a $5 billion deal to procure Moscow’s most advanced air defence system, the S-400 Triumf, despite a risk of US sanctions against countries buying Russian defence equipment.
The two leaders will review bilateral defence cooperation and discuss regional and global issues in the wake of the US sanctions against Russian defence majors. “The key feature of this visit will be the signing of the agreement to deliver S-400 air defence systems,” Vladimir Putin’s top foreign policy aide Yury Ushakov was quoted in media reports as saying in Moscow. “The value of the contract will be more than USD 5 billion,” he said. It is learnt that the focus of the visit will be on the S-400 Triumf air defence missile systems agreement after a top Kremlin aide confirmed that the Russian President Putin will oversee the signing of the “USD 5 billion deal”.
PM Modi and Vladimir Putin are also expected to explore ways to deepen cooperation between the two countries in a series of sectors including trade, investment, connectivity, energy, space and tourism. Sources had earlier suggested that PM Modi and President Putin would also deliberate on the impact of US sanctions on the import of crude oil from Iran. According to the Ministry of External Affairs, Russian premier will also have a meeting with President Ram Nath Kovind as well as other official engagements. Putin’s itinerary looks tight scheduled on both days.
1100 hrs Delegation level talks
1330 hrs Exchange of Agreements and Press Statements
Venue: Hyderabad House
1430 hrs Interaction with a group of talented children
Venue: Kamal Mahal, ITC Maurya
1630 hrs Meeting with the President Venue: Rashtrapati Bhawan
1740 hrs Emplane