India

India, Russia sign $5 billion arms deal

New Delhi: India and Russia signed the much awaited $5 billion deal for the procurement of Moscow’s most advanced air defence system, the S-400 Triumf here on Friday.

The decision came amid the fears of possible US sanctions against countries buying Russian defence equipment.

Putin, who was received by External Affairs Minister Sushma Swaraj on his arrival for the two-day meeting, went straight to Modi’s official Lok Kalyan Marg residence where the two leaders had a one-on-one meeting.

Later, Modi hosted a private dinner for the visiting dignitary.

The dinner meeting comes a day ahead of the 19th India-Russia annual summit during which the two leaders will hold comprehensive discussions on wide-ranging bilateral, regional and international issues, including US sanctions against Moscow and counter-terrorism cooperation.

The Russian president is accompanied by a high-level delegation comprising Deputy Prime Minister Yuri Borisov, Foreign Minister Sergey Lavrov and Trade and Industry Minister Denis Manturov among others during his two-day visit.

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