Connect with us

Featured

S-400 Deal With Russia Concluded in Rubles and Not in USD

Published

on

The contract to supply anti-aircraft missile systems S-400 to India has been concluded in Rubles. This was stated by Deputy Prime Minister Yury Borisov in Havana, where he participated in a meeting of the Russian-Cuban intergovernmental commission on trade, economic and scientific and technical cooperation, RIA Novosti reports.

Earlier it was reported that Russia with its partners in military-technical cooperation will switch to settlements in national currencies instead of dollars. Russian President Vladimir Putin and Indian Prime Minister Narendra Modi signed a deal to on the S-400 air defence system in October 2016. 

The parties entered into a contract in early October of this year, during the visit of the Russian leader to India. The acquisition of five regiments will cost India $ 5.43 billion. Delhi will become the third foreign buyer of the S-400 after China and Turkey.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

INDIA-CHINA INDIA-CHINA
Expert Reviews1 hour ago

Why US-Led Alliance Of Asian Nations – India, Japan & Australia Could Fail To Tame China?

Amidst China’s aggressive advances at land and at sea, the United States led Quadrilateral Security Dialogue (QSD) alliance with India,...

ARMY-INDIA ARMY-INDIA
EurAsian Region3 hours ago

Russia, China, Pakistan, Iran Start One Of World’s Most Fiercest Military Drills

Russia launched a major military drill on Monday, involving almost 80,000 servicemen. Kavkaz-2020 (Caucasus-2020) is the final stage of annual...

army-soldiers army-soldiers
Featured3 hours ago

Can India’s Indigenous ‘Lightest Bullet Proof Jacket’ Be A Saviour At LAC Against China?

India has successfully developed an armour jacket for security personnel that is capable of protecting against bullets of different threat...

Chinese-Military-Base-Australia Chinese-Military-Base-Australia
Asia Pacific4 hours ago

China’s 3rd Aircraft Carrier Makes ‘Significant Progress’ Amid Conflict With India, Taiwan

China’s second indigenous aircraft carrier and the third in its fleet, the second Type 002’s construction details have surfaced over...

India-Pakistan ties India-Pakistan ties
Featured4 hours ago

Pakistan Rejects Nomination Of ‘Senior’ Indian Diplomat

Pakistan has rejected the nomination of an Indian diplomat for the post of its Charge d’Affaires in Islamabad, terming him...

Putin-Trump Putin-Trump
EurAsian Region6 hours ago

Escorted By Su-35 Jets, Russian Strategic Bomber Tu-160 Breaks World Record

The Russian Tu-160 strategic bombers broke their own world record by taking a non-stop flight of 25 hours. The previous...

rafale-jets rafale-jets
Featured11 hours ago

Indian Rafale Jets, For The 1st Time, Conduct Sorties Over Ladakh

French-origin Dassault Rafale jets, for the first time known, have commenced conducting ‘familiarization’ sorties over Ladakh as tensions between two...

qatar-saudi qatar-saudi
Featured20 hours ago

Qatar Affirms Its Position On Israel-Palestine Issue; Says Ending Israeli Occupation A Must

Qatar on Sunday said it stands by Palestinians and that the long-standing conflict with Israel should be resolved by addressing...

F-15EX-india F-15EX-india
Featured1 day ago

No More Rafales! Why Indian Air Force Could Reject Second Batch Of Dassault Rafale Jets?

As the Indian Air Force (IAF) looks to further bolster its aerial fleet after the successful acquisition of French Dassault...

US-CHINA-INDIA-JAPAN US-CHINA-INDIA-JAPAN
Americas1 day ago

US To Re-Impose Biting UN Sanctions On Iran Despite Global Objections

The US will reimpose biting UN sanctions on Iran that were removed as part of a 2015 nuclear pact struck...

Advertisement