Russian-Indian Deal on S-400 Supplies Signed in Rubles – Deputy Prime Minister

Russian-Indian Deal on S-400 Supplies Signed in Rubles – Deputy Prime Minister

HAVANA (Sputnik) – The Russian-Indian contract on supply of S-400 air defense systems has been signed in the Russian national currency, Russian Deputy Prime Minister Yury Borisov said on Wednesday.

“The contract is signed in rubles,” the official said.

Moscow is intending to use national currencies in its defense cooperation deals instead of relying on US dollars.

READ MORE: India to Send Military Team to Ease US Concerns on S-400 Deal — Reports

In early October, Moscow and New Delhi concluded a contract on the deliveries of Russia’s S-400 missile systems to India worth over $5 billion. The deal was signed during Russian President Vladimir Putin’s two-day visit to India.

The United States voiced its concern over the Indian plans to purchase the S-400 systems, pointing out that sanctions over the deal could not be ruled out.

The S-400 Triumf system is a next-generation mobile air defense system, which is capable of destroying aerial targets at an extremely long range of up to 400 kilometers (almost 250 miles).

Source: sputniknews.com

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