Western sanctions is not going to affect provide of S-400 missile techniques to India: Russia

By PTI

NEW DELHI: Russia on Wednesday stated there will probably be no affect of the Western sanctions towards it on the provision of S-400 missile techniques to India.

At a media briefing, Russian Ambassador-designate Denis Alipov additionally referred to a bilateral mechanism to do enterprise in nationwide currencies.

“As regards the S-400 deal, be rest assured that it will not be impacted in any way. It is a 100 per cent surety. As regards the overall trade and economic cooperation, we will see what will be the ultimate impact of those severe restrictions that are being imposed,” he stated.

The Western nations have imposed extreme sanctions on Russia in the previous few days following its navy invasion of Ukraine.

In October 2018, India had signed a USD 5 billion take care of Russia to purchase 5 items of the S-400 air defence missile techniques, regardless of a warning from the Trump administration that going forward with the contract might invite US sanctions.

Russia has already began the provision of the missile techniques.

To a query on the affect of the sanctions on bilateral commerce, Alipov stated it’ll largely rely on the readiness of the “Indian partners” to proceed with the engagement.

“We have bilateral mechanisms and means of doing business in national currencies. Much will depend on the readiness of the Indian partners to continue the business because some of them are over-cautious as regards their exposure to the US and European markets,” he stated.

Replying to a query on whether or not the Western sanctions and the battle in Ukraine will affect the general supply of key defence tools to India, Alipov stated there are mechanisms in place to offset the affect of the restrictions.

“Russia has always risen from the ashes. It will rise again. Do not have any doubt about that. We have taken steps to secure ourselves,” he stated.

“Our economy is stable and I believe we will withstand the pressure that we are experiencing and will experience in the future,” the Russian ambassador-designate added.

“As regards the bilateral trade in defence, we have the mechanism of cooperation and transactions independent of western mechanisms,” he stated.