India and Russia on October 5, 2018 signed a USD 5.43 billion deal for India to procure the S-400 Triumf missile system from Russia. The deal was signed following the 19th India-Russia Annual Bilateral Summit between Prime Minister Narendra Modi and Russian President Vladimir Putin and other delegates. Russian President Vladimir Putin is on a two-day visit to India.
Prime Minister Narendra Modi and Russian President Vladimir Putin met on October 4-5 2018 for the 19th Annual Bilateral Summit in New Delhi. Following the Summit, both the sides jointly released the India-Russia Joint Statement.
1. Both the sides reaffirmed their commitment to the Special and Privileged Strategic Partnership between India and Russia.
2. They reaffirmed that being multicultural, multilingual and multi-religious societies, India and Russia bring civilisation wisdom to address modern-day challenges.
3. Subsequent to the successful implementation of the Protocol on Foreign Office Consultations for the period 2017-18, they agreed to extend the period of Consultations for five more years (2019-2023) and signed a Protocol to this effect.
4. They welcomed the agreements reached in November 2017 between their concerned authorities, for cooperation on internal security, drug trafficking and disaster management, including the Joint Action Plan for the period of 2018-2020.
5. They showed their satisfaction with the implementation of the Cultural Exchange Programme for 2017-2019 signed in 2017.
6. They stressed the importance of India-Russia cooperation in outer space and welcomed the activity on setting up measurement data collection ground stations of the Indian Regional Navigation Satellite System NavIC and the Russian Navigation Satellite System GLONASS.
7. The Sides welcomed the conclusion of the contract for the supply of the S-400 Long Range Surface to Air Missile System to India.