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India to go ahead with S-400 deal with Russia despite threat of US sanctions: reports

Muhammad Irfan 11:11 PM | 3 Sep, 2018
India to go ahead with S-400 deal with Russia despite threat of US sanctions: reports
NEW DELHI - India is expected to inform the US during a top-level meeting this week that it will go ahead with a deal to purchase the Russian S-400 air defence system despite the threat of American sanctions, the Indian media reports.

The US is threatening buyers of Russian-made weapons with economic sanctions as part of its general pressure campaign against Moscow. The sale of the advanced S-400 anti-aircraft system is of particular concern in Washington, which has repeatedly advised countries interested in buying the weapon system, including Turkey and India, against doing so.

Despite the threat of sanctions, the Indian government wants to move forward with the key defence deal, which is estimated to be worth US$5.6 billion, the Times of India reported citing an official source.

“India has almost concluded the S-400 missile deal with Russia, and we are going ahead with it. Our position on the issue will be conveyed to the US,” the high-level source was cited as saying.

The US will be informed about the decision during a meeting of senior officials from the two countries later this week, the report said. India’s foreign and defence ministers, Sushma Swaraj and Nirmala Sitharaman, will hold talks on Thursday with their American counterparts, Mike Pompeo and James Mattis, to discuss a range of strategic bilateral issues.

New Delhi will seek a sanctions waiver from the US, the report said. Earlier, US officials said no guarantee can be offered to India that a waiver would be given for the S-400 deal.

The S-400 is the most advanced long-range air defence system Russia currently has. China is its first foreign buyer and has reportedly received the first shipment. Qatar and Saudi Arabia expressed interest in the weapon system, although the willingness of Riyadh and Doha to defy the US is far from certain.

Turkey’s purchase of the Russian product – which came after years of deliberation over which long-range air defence system available on the international market to choose – is a major irritant in Ankara’s relations with Washington. A NATO member, Turkey was repeatedly admonished by the US for choosing the Russian system, which, it said, is incompatible with those of other allies and may pose a security risk. The US went as far as freezing the delivery of US-made F-35 Lightning II fighter jets to Turkey because of the S-400 deal.

Russia has been deploying the system for over a decade now. This year it added a new extended-range interceptor missile to the arsenal available for S-400 crews, making the system even more formidable.

Muhammad Irfan

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to ...

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ISLAMABAD – Pakistani rupee finally ended its losing streak against US dollar on Tuesday, gaining Rs4.43 after massive depreciation over the last week.

During the intra-day trading, the rupee was hovering at 266.75 with an appreciation of around 1.07 percent as talks between Pakistan and IMF underway for a stalled bailout programme.

Earlier on Monday, the rupee plunged by Rs7 and the greenback touched all-time high of Rs272. Last week, the local currency dropped by Rs24.54 in the interbank market – the largest single-day depreciation in more than two decades.

Finance experts linked the rupee’s recovery to exporters offloading some of their proceeds as remittances and export continued days after dollar cap was removed.

The country of over 220 million is facing a worst economic crisis with the forex reserved held by the country’s central bank remaining at critical $3.68 billion which were not enough to cover a month's import.

https://en.dailypakistan.com.pk/30-Jan-2023/gold-continues-to-shine-hits-all-time-high-of-rs210-500-in-pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs205,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs176,530.

Likewise, 10 grams of 22k gold were being traded for Rs162,500 while a single tola of 22-karat gold was being sold at Rs 182,100.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 205,900 PKR 2,370
Karachi PKR 205,900 PKR 2,370
Islamabad PKR 205,900 PKR 2,370
Peshawar PKR 205,900 PKR 2,370
Quetta PKR 205,900 PKR 2,370
Sialkot PKR 205,900 PKR 2,370
Attock PKR 205,900 PKR 2,370
Gujranwala PKR 205,900 PKR 2,370
Jehlum PKR 205,900 PKR 2,370
Multan PKR 205,900 PKR 2,370
Bahawalpur PKR 205,900 PKR 2,370
Gujrat PKR 205,900 PKR 2,370
Nawabshah PKR 205,900 PKR 2,370
Chakwal PKR 205,900 PKR 2,370
Hyderabad PKR 205,900 PKR 2,370
Nowshehra PKR 205,900 PKR 2,370
Sargodha PKR 205,900 PKR 2,370
Faisalabad PKR 205,900 PKR 2,370
Mirpur PKR 205,900 PKR 2,370

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