The Russian president and the Indian prime minister discussed nuclear energy, space and economics as Mr Putin visited the Indian capital to close the deal.
But Russia still remains India's biggest military equipment supplier, accounting for 62 percentof India's total weapons imports during the past five years, according to the Stockholm Peace Research Institute.
India-Russia bilateral trade jumped 42 per cent in 2017-18 to touch $10.68 billion, compared to $7.48 billion in 2016-17. He further said that India and Russian Federation are committed to cooperating in the fight against terrorism. Indian Air Force chief BS Dhanoa said on Wednesday that the S-400 systems would be a booster dose for the IAF that is grappling with shrinking combat capabilities. Though the United States had warned any such agreement between India and Russian Federation could attract sanctions under the U.S. law, the BJP-led government had still made a decision to go ahead with the deal.
India's relations with the USA have also been hit by trade frictions, with New Delhi seeking an exemption from higher tariffs on steel and aluminum imports announced by President Donald Trump administration.
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India has already given indications that it will go ahead with the deal notwithstanding the United States sanctions.
However, India is hoping to get a waiver from the USA on the grounds that it needs the missiles for its self defence keeping in view the fragile security situation in the South Asian region. For all the warm words, ties with Moscow are a lot less central to Delhi than they were during the Cold War years, as India has diversified arms purchases, closing $15 billion of deals with the United States over the last decade.
Yury Ushakov, Mr Putin's top foreign policy aide, said Russia's military ties with India were "long-standing and well-established". Also on the agenda is Russian training for Indian astronauts as New Delhi aims to launch its first crewed space mission in 2022. U.S. defence contactors such as Lockheed Martin, Boeing and Sirkorsky who supply critical equipment to India the C-17, C-130 J transport aircraft, Apache and Chinook helicopters, will come under sanctions in the absence of a waiver.
Russian President Vladimir Putin has replaced the longtime governor of the nation's second-largest city, the latest move in the Kremlin's reshuffle of regional leaders.