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India defies US threats, poised to sign deal for Russian S-400s in October

12:04 AM | 21 Aug, 2018
India defies US threats, poised to sign deal for Russian S-400s in October
MOSCOW - Russia hopes to finalize two major defense deals with India by year’s end, with first deliveries of the S-400 air defense system potentially taking place in 2020, a Russian defense official has said.

India defied US demands to drop the S-400 deal in favour of US weaponry, selecting the defense system to protect its skies in June following an agreement on technical and economic specifications earlier this year. The S-400 is capable of destroying aerial targets at an extremely long range of up to 400km (almost 250 miles).

A separate deal will see the Indian Navy buy a further three Talwar-class/Project 11356 frigates as part of the service’s modernization program.

“As for the S-400, we have already prepared everything to sign this contract. All the main technical and commercial aspects have been agreed upon, and I think that we are close to making this happen. We hope to sign both contracts with our Indian partners by the end of the year,” Director of the Russian Federal Service for Military-Technical Cooperation (FSMTC) Dmitry Shugaev told RIA Novosti.

Viewing India as a “strategic partner,” Shugaev confirmed that Moscow had adhered to New Delhi’s request to lower the price tag for five S-400 Triumf systems, which previous reports had pegged at $6.5 billion.

“India is a strategic partner for us, so we took into account the wishes of our partners, and made certain concessions,” Shugaev said, adding that India could receive first deliveries of the system as early as 2020 “if we sign the deal by the end of this year.”

Greenlighting the purchase in June, the Indian government faced off warnings from the US to drop the deal with the Russians or face potential sanctions though Washington’s CAATSA (Countering America’s Adversaries Through Sanctions Act).

Undeterred by the threats, India’s Defense Minister Nirmala Sitharaman said at the time: “In all our engagements with the US, we have clearly explained how India and Russia’s defence cooperation has been going on for a long time and that it is a time-tested relationship. We have mentioned that CAATSA cannot impact the India-Russia defence cooperation.”

In May, US House Armed Services Committee chairman Mac Thornberry warned against governments choosing Russian tech over American, saying that the acquisition of S-400 technology would “limit” the degree with which the United States would “feel comfortable in bringing additional technology into whatever country we are talking about.”

Another ally to fall out with the US over S-400 procurement has been Turkey, who are on course to receive the first parts of their system in 2019. US lawmakers and fellow NATO members have expressed fears that Ankara’s possession of both the S-400 and the F-35, made by Lockheed Martin, might expose the state-of-the-art fifth-generation jet’s advantages, or lack of thereof, to allies and “known foes.”

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 Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 17 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Friday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280.05 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 17 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.25 280.05
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.50 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.95
Omani Riyal OMR 722.59 730.59
Qatari Riyal ‎QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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