India has negotiated with Russia for the procurement of S-400 Triumf air defence missile systems to be deployed with the Indian Air Force (IAF) for approximately Rs400bn ($5.92bn), said officials.

The agreement for the Triumf ballistic missile shield system between India and Russia was signed in 2016.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

In a statement, a Russian official involved in the negotiations for the S-400 Triumf deal was quoted by PTI as saying: “The negotiations for the missile deal have been concluded. The financial component has been finalised.”

With the conclusion of the price negotiation, both India and Russia are looking for ways to protect the weapon system deal from sanctions against Russia announced by the US under its Countering America’s Adversaries Through Sanctions Act (CAATSA), reported the Press Trust of India (PTI).

“The US is expected to introduce some flexibility to the CAATSA to allow countries such as India to acquire weapon systems from Russia given the long-standing bilateral arms trade.”

CAATSA came into effect in January. Under the act, the US Government is mandated to punish nations and entities that enter into any kind of transactions with Russia’s defence or intelligence sectors.

In 2014, China was the first nation to enter into a government-to-government deal with Russia for the procurement of the S-400 Triumf missile system.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The US is expected to introduce some flexibility to the CAATSA to allow countries such as India to acquire weapon systems from Russia given the long-standing bilateral arms trade.

The US House Armed Services Committee Chairman William Thornberry stated that the sale of defence equipment, particularly the Predator drones to India, possibly needs to be rechecked, reported Zee News.

Speaking to NDTV, Thornberry added: “The acquisition of this technology (S-400) will limit, I am afraid, the degree with which the United States will feel comfortable in bringing additional technology into whatever country we are talking about.”

S-400 Triumf is a mobile medium and long-range air defence system that can engage and destroy targets such as cruise missiles, stealth aircraft, drones and medium-range ballistic missiles.

In February last year, Turkey finalised an agreement to buy S-400 missile defence systems from Russia, reported UPI.