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India signs S-400 defence deal with Russia, defying Washington sanctions

08:49 PM | 5 Oct, 2018
India signs S-400 defence deal with Russia, defying Washington sanctions
NEW DELHI - A contract for the delivery of five S-400 systems, one of Russia’s most advanced anti-aircraft weapons, has been signed between Moscow and New Delhi, the Kremlin has confirmed.

India signed a $5.43 billion deal to purchase five advanced S-400 surface-to-air missile systems from Russia, defying threats of potential sanctions from Washington.

The deal was finalized after Indian Prime Minister Narendra Modi concluded a summit with Russian President Vladimir Putin in New Delhi.

The advanced air defense system can defend against different kinds of a cruise and ballistic missiles. China was the first foreign nation to purchase S-400 systems.

With its S-400 purchase, India now risks being sanctioned under Washington’s Countering America’s Adversaries Through Sanctions Act (CAATSA), which targets countries that purchase arms from Russia.

During a joint media conference after their meeting, Putin said that Russia would work with India to boost bilateral cooperation in the United Nations, Shanghai Cooperation Organization (SCO) and G20.

The Russian leader also said both nations would coordinate counter-terrorism efforts. Modi noted that both countries support a multipolar world.

The two leaders also signed a deal on space cooperation. Modi said during the joint press conference that he hoped Russia would help India develop its space program. The Indian leader recently announced that he aims to send astronauts into space by 2022.

Putin stated during the press conference that they had discussed regional security issues, including counter-terrorism efforts in Syria, as well as the status of the Iran nuclear deal.

Modi hailed his country’s close ties to Moscow, saying that Russia has always "stood shoulder-to-shoulder with India in the energy sector and our goals."

Russia is the biggest military supplier

Modi's right-wing government has pursued closer ties with Washington since it came to power four years ago. Relations between India and Russia had taken a backseat.

But Russia still remains India's biggest military equipment supplier, accounting for 62 percent of India's total weapons imports during the past five years, according to the Stockholm Peace Research Institute.

The deal signed on Friday is a setback to US efforts to "isolate" Russia and it would now have to choose between "punishing" India or agreeing to a waiver.

"This would reinforce the continued strength of a Russia-India partnership even amid a growing US-India relationship," said Michael Kugelman from the Wilson Centre in Washington.

"The deal would also mark a major setback to any US efforts to undercut Russia. For Moscow, the inking of a major defence deal with one of Asia's key growing powers is no small matter."

Earlier this week, the US warned India against buying weapons from Russia, with a US State Department official urging "all of our allies and partners to forgo transactions with Russia that would trigger sanctions under the CAATSA".

"The US has made a law applicable to third countries so it must find the way out. Otherwise, it risks damaging its relationship with India," said Joshi.

All eyes on US reaction

India has hoped that the US administration will give it a “sanctions waiver” if it signs the S-400 deal with Russia, but US officials have given no clear signal they will. Last month, the Trump administration imposed sanctions on China as it started taking delivery of Su-35 fighter jets and S-400 systems.

Indian officials had made it clear they are going ahead with the deal after a Kremlin spokesperson in Moscow announced the signing of the deal on Monday. Defence Minister Nirmala Sitharaman has cut short her visit to Central Asia, reportedly to return to Delhi in time for the signing of the deal.

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 unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Currency Rates in Pakistan - PKR to US Dollar, Euro, Dirham, Riyal 18 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 18, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.50 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296.00 299.00
UK Pound Sterling GBP 349.70 353.25
U.A.E Dirham AED 74.80 75.60
Saudi Riyal SAR 72.80 73.55
Australian Dollar AUD 182.00 184.00
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204.00 206.00
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.30 59.90
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 311.90 314.40
Thai Bhat THB 7.58 7.73

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