India and Russia are likely to sign a $ 5 billion missile deal this week. The Russian President Vladimir Putin is scheduled to arrive in New Delhi on Thursday where both countries will discuss on S-400 air defence systems and key regional and global issues.
During the two-day visit Putin will arrive at the national capital at around 6:30 PM and will meet Prime Minister Narendra Modi at his residence in an hour, the Ministry of External Affairs confirmed
What is the S-400 air defence system?
Even as the US had urged its allies to forgo transactions with Russia, warning that the S-400 missile defence system that India intends to buy would be a "focus area" for it to implement punitive sanctions against a nation undertaking "significant" business deals with the Russians, India is still planning to sign the deal.
The US administration is required under a domestic law, Countering America's Adversaries through Sanctions Act or CAATSA to impose sanctions on any country that has “significant transactions” with Iran, North Korea or Russia.