Defense World:
India has agreed to buy four S-400 Triumf air defense missile systems for nearly $5.9 billion (INR 40,000 crore) from Russia.
The two countries concluded the price negotiations and are now trying to find a way to evade the provision of a US Countering America’s Adversaries Through Sanctions Act (CAATSA) law that seeks to punish countries and entities engaged in transactions with Russian defense and intelligence establishments, PTI reported quoting unnamed officials as saying Sunday.
“The negotiations for the missile deal have been concluded. The financial component has been finalised,” a top official involved in the negotiations for the deal with Russia told PTI.
