India can negotiate a Rs 40,000-crore deal with Russia to purchase S-400 Triumf air defence missile systems before Prime Minister Narendra Modi and President Vladimir Putin hold an annual summit around October.
According to official sources, negotiations for this deal are in the final stages and differences over price and other peripheral issues were almost bridged.
Sources told that both Russia and India want this deal before the summit talks between PM Narendra Modi and Russian President Vladimir Putin, which may take place either in September or October in India.
He said that despite the fight between Russia and the US, India is confident that the deal will be completed.
India wants to buy long-range missile systems to strengthen the air defence system with China, particularly along the nearly 4,000 km.
Although, Countering America’s Adversaries Through Sanctions Act (CAATSA), which came into effect in January this year. According to the limit of the law, India may have to face US sanctions for the S-400 air defence missile deal.
Under this, US will also act against those entities which are found to deal with Russia’s defence or intelligence establishments. US Defence Secretary Jim Mattis last week appealed to the country’s parliament that India should be exempt from the ban.