INDIA – RUSSIA RELATIONS

List of Agreements/MoUs Exchanged between India and Russia:

• Protocol for Consultations between the Ministry of Foreign Affairs and MEA for the period 2019-2023.
  
  
• MoU between the Ministry of Economic Development of the Russia and NITI Aayog.
  
  
• MoU between ISRO and the Federal Space Agency of Russia ‘ROSCOSMOS’ on Joint Activities in the field of Human Spaceflight Programme.
  
  
• MoU between the Indian and Russian Railways.
  
  
• Action Plan for Prioritization and Implementation of Cooperation Areas in the Nuclear Field.
  
  
• MoU between the Russian Ministry of Transport and Indian Railways in the Development Cooperation in Transport Education.
  
  
• MoU between the National Small Industries Corporation (NSIC), of India and the Russian Small and Medium Business Corporation (RSMB), on Cooperation in the field of MSME.
  
  
• Cooperation Agreement in the Fertilizers Sector between the Russian Direct Investment Fund" ("RDIF”); PJSC Phosagro (PhosAgro) and Indian Potash Limited (IPL).
  
  

S-400 ‘Triumf’ missile systems:

• India and Russia concluded the contract for five S-400 ‘Triumf’ missile systems, estimated at $5.43 billion (Rs. 40,300 crore). Under it, Russia would supply the S-400 long range surface to air missile to India.
  
  
• Deliveries of S-400 will begin in 24 months, at the end of 2020. India would pay about 15% in advance, likely through the rupee-rouble mechanism both countries use for trade in their own currencies.
  
  
• It is one of the biggest defence deals in recent times.
  
  
• The deal could attract sanctions from the U.S. under the Countering America’s Adversaries Through Sanctions Act (CAATSA) law, which penalises defence purchases from Russia, Iran and North Korea, as soon as the first payment is made, unless granted a “waiver.”