EconomyEditor's PickRussia starts missile supplies to India despite US sanctions risk

November 15, 2021
Image of S-400 missile system via Vitaly V. Kuzmin/CC BY-SA 4.0/Wikimedia Commons

MOSCOW — Russia has started supplying India with S-400 air defense missile systems, Russian news agencies reported on Sunday citing Dmitry Shugayev, the head of the Russian military cooperation agency.

The supplies put India at risk of sanctions from the United States under a 2017 US law aimed at deterring countries from buying Russian military hardware.

“The first supplies have already been started,” Interfax cited Mr. Shugayev as saying on Sunday at an aerospace trade show in Dubai.

He said that the first unit of an S-400 systems will arrive in India by the end of this year.

The $5.5 billion deal for five long-range surface-to-air missile systems, which India says it needs to counter a threat from China, was signed in 2018.

India faces a range of financial sanctions from the United States under Countering America’s Adversaries Through Sanctions Act (CAATSA), which names Russia an adversary alongside North Korea and Iran for its actions against Ukraine, interference in the US 2016 elections and help to Syria.

New Delhi said it has a strategic partnership with both the United States and Russia while Washington told India it was unlikely to get a waiver from CAATSA.

Last year the United States imposed sanctions citing CAATSA on NATO ally Turkey for acquiring S-400 missiles from Russia. The sanctions targeted the main Turkish defense procurement and development body Presidency of Defence Industries.

Washington also removed Turkey from a F-35 stealth fighter jet program, the most advanced aircraft in the US arsenal, used by NATO members and other US allies.

Russia said it had offered Turkey its help in developing advanced fighter jets but no agreement has been reached so far.

“We are still at a stage of negotiations on this project,” RIA new agency quoted Mr. Shugayev as saying on Sunday. — Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: SmartPeopleMail.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartPeopleMail. All Rights Reserved.

IT'S YOUR OPPORTUNITY OF THE YEAR!
Subscribe for FREE today and get your daily shot of smart news about the Economy and Investing.
We are dedicated to keeping any data we collect from you — safe and secure. Here you can read our privacy policy.