Amid U.S. threat, India, Russia set to sign three major deals

Amid U.S. threat, India, Russia set to sign three major deals

News:

  1. India and Russia to sign major defence deals.

Important Facts:

  1. With the visit of Russian President, India is expecting to sign three major defence deal with Russia such as:
  • Five S-400 missile systems
  • Four stealth frigates
  • Deal for Ak-103 assault rifles to be manufactured in India
  1. The U.S. has warned India, that the deals could attract sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA).
  2. India has been negotiating with USA for waiver against CAATSA, but U.S has not given any signal yet.
  3. Expected Agreements in Future:
  • Memoranda of Understanding for investment deals
  • Major agreement on space cooperation where Russia will assist India with its ‘Gaganyaan’ programme to put a human in space
  • MoU for Road Transport and the Road Industry
  • Cooperation on Micro, Small and Medium Enterprises.
  • Nuclear power cooperation will be discussed.
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