Russia, India to sign billion dollar agreement

Russia, India to sign billion dollar agreement

Russia, India to sign billion dollar agreement

Written by Keshala Dias

14 Oct, 2016 | 12:24 pm

Russia and India will sign a five billion dollar agreement on Saturday October 15, for Moscow to deliver S-400 surface to air missiles to New Delhi.

Kremlin aide Yuri Ushakov said, the agreement would be signed at the BRICS summit in Goa, where PM Narendra Modi will meet separately with President Vladimir Putin.

BRICS groups together China, Russia, Brazil, India and South Africa.

The S-400 anti-aircraft missiles were cleared for purchase in December 2016 by the Defence Ministry.

The five missiles India is acquiring will likely provide defense for a large area around high-value installations including nuclear power plants and key government centers.

They are also expected to provide India with a missile-shield for protection against Pakistani or Chinese nuclear capable ballistic missiles.

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