All commitments on the delivery of S-400 air defense missile systems to India under a $5 billion contract will be fully implemented, including schedule, Russian Ambassador to India Nikolay Kudashev said. “I’m sure that the contract will make a significant contribution to ensuring India’s security and will serve as proof of the special nature of […]
All commitments on the delivery of S-400 air defense missile systems to India under a $5 billion contract will be fully implemented, including schedule, Russian Ambassador to India Nikolay Kudashev said.
“I’m sure that the contract will make a significant contribution to ensuring India’s security and will serve as proof of the special nature of relations between our countries. I’m convinced that all Russian commitments will be fully met, including the deadlines,” Kudashev told Sputnik in an interview.
The ambassador added that Russia was interested in further cooperation with India in the area of air defense.
The mechanism of transactions in national currencies for deals in the defense industry sector between Moscow and New Delhi is already working, Russia is interested in its further development, Kudashev said.
“As for the use of the mechanism of financial transactions in national currencies, I can say that it has already been implemented, and we are interested in its progressive development. I am confident that our countries will find a solution that will put us outside the zone of dependence on the US-based payment system,” Kudashev said.
The contract on the delivery of S-400 missile systems to India was signed in October 2018.
The S-400 is a next-generation mobile missile system which can carry three different types of missiles capable of destroying a variety of aerial targets at a short-to-extremely-long range, from reconnaissance aircraft to ballistic missiles.
