Russia, India sign major defense, energy deals

India and Russia finally sign a deal for the S-400 Triumf air defense missile system. The countries also sign another 15 agreements ranging from energy to smart cities.

India and Russia, on October 15, signed a total of 16 agreements at the 17th annual bilateral summit in the western Indian state of Goa. The deals range from defense to energy to investment, including a highly anticipated agreement for the purchase of the S-400 Triumf air defense missile defense system.

Although immediate details of the contract to buy the missile defense system are not available, it is widely believed that India will be spending over $5 billion for the systems.

New Delhi also agreed to buy three Project 11356 frigates. India has six frigates of the Talwar class, the forerunner of Project 11356, which were built at the Yantar shipyard in Kaliningrad.