• About us
  • Team
  • Privacy Policy
  • Contact
Monday, August 24, 2026
  • Login
No Result
View All Result
World's first weekly chronicle of development news
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Entertainment
    • Sports
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • Dubai
    • Tanzania
    • United Kingdom
    • USA
  • Blitz India Business
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Entertainment
    • Sports
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • Dubai
    • Tanzania
    • United Kingdom
    • USA
  • Blitz India Business
No Result
View All Result
World's first weekly chronicle of development news
No Result
View All Result

Damocles’ Sword lifted

CAATSA waiver paves way for India-Russia JVs

by Blitz India Media
May 2, 2023
in News
0


The US House decision to not impose sanctions on India for purchasing S-400 missile systems from Russia has come as a big relief.

After New Delhi’s purchase of the S-400 air defence system, there was a threat of US sanctions but the Indian Government had always been confident of bypassing these. It has been made possible now with the US House of Representatives passing a legislative amendment waiving of any punitive sanctions on India under CAATSA.

The S-400 is a mobile long-range, surface-to-air missile system which is considered one of the most lethal in the world. It can take down multiple targets up to a range of 400 km; be it fighter jets, bombers, cruise and ballistic missiles or drones. With four different kinds of missiles it has beyond visual range capabilities. It can engage multiple targets, which includes tracking of 160 objects in a 600 km range and hit 72 targets up to 400 km.

Russia has made it clear that the war in Ukraine and sanctions on Moscow will not impact the deliveries to India. While S-400 deal will not attract sanctions there is a long list of pending military deals with Russia.

India and Russia signed a military tech cooperation agreement 2021- 2031 during the maiden 2+2 dialogue in December 2021 aimed at bolstering defence ties over the next decade. Orders for military platforms worth over $9 billion are at stake for India.

The Indian Army’s requirement of assault rifles was expected to be met by the production of 6.71 lakh AK 203 rifles to be manufactured in Korwa, Amethi, in Uttar Pradesh, as part of a joint venture with Russia but the Make in India project faced delays. The wait is over as all hurdles have been cleared.

In 2019, India signed a $3-billion deal with Russia for leasing a nuclearpowered submarine. The Chakra III, Akula class submarine is expected to be delivered by 2025 for a period of 10 years. This will be the third nuclear submarine India will take on lease from Russia, the other two being in 1988 for a period of three years and then in 2012 for 10 years.

The deal between Russia’s state-run arms exporter Rosoboronexport and Goa Shipyard Ltd was signed in 2018. According to the terms and conditions, two frigates for the Indian Navy worth $1 billion are to be manufactured in Russia and the other two in Goa. The delivery of the two frigates was supposed to start within four years of signing of the contact, which means by the end of 2022.

In July 2020, at the peak of its military tussle with China in Ladakh, India approved the purchase of 12 Su30 MKIs and 21 MiG 29 fighter aircraft and an upgrade of the existing fleet of the Russian 59 MiG 29s worth Rs 18,148 crore. While negotiations were said to be on, the US has claimed India has cancelled the orders of the MiG 29 from Russia. However, there has been no response from Indian on the claims made by US.

In July 2021, Valeria Reshetnikova, spokesperson for the Federal Service for Military-Technical Cooperation, had said that Russia sent a commercial offer and a tender request for the aircraft. The India-specific CAATSA waiver has removed the Sword of Damocles hanging over all these projects

Related Posts

Seven projects worth Rs 427.80 crore were commissioned at Paradip Port on 21 August, including a Rs 352 crore deepening to 18.5 metres.
News

India Business News: Paradip Port, Mobile Scheme, Sugar, Monsoon, FDI and Forex Reserves

August 22, 2026
Madhya Pradesh Year of Youth 2027
News

MP declares 2027 as ‘Year of Youth’

August 21, 2026
India-Israel FTA Talks: Two More Rounds Expected by February 2027
News

Israel FTA talks need two more rounds

August 21, 2026
Master Plan for Delhi envisages 40 lakh affordable homes
News

Master Plan for Delhi envisages 40 lakh affordable homes

August 21, 2026
badminton court
News

Delhi Hosts the Badminton Worlds for the First Time Since 2009

August 20, 2026
farmer
News

One Crop Is Two-Thirds of India’s Sowing Shortfall

August 20, 2026
Load More
Next Post

No freebie: US has high stakes

Recent News

Seven projects worth Rs 427.80 crore were commissioned at Paradip Port on 21 August, including a Rs 352 crore deepening to 18.5 metres.
News

India Business News: Paradip Port, Mobile Scheme, Sugar, Monsoon, FDI and Forex Reserves

by Blitz India Media
August 22, 2026
0

Port and Rail Move Together on the East Coast NEW DELHI: MThe Ministry of Ports, Shipping and Waterways commissioned an...

Read moreDetails
Madhya Pradesh Year of Youth 2027

MP declares 2027 as ‘Year of Youth’

August 21, 2026
India-Israel FTA Talks: Two More Rounds Expected by February 2027

Israel FTA talks need two more rounds

August 21, 2026
Master Plan for Delhi envisages 40 lakh affordable homes

Master Plan for Delhi envisages 40 lakh affordable homes

August 21, 2026
badminton court

Delhi Hosts the Badminton Worlds for the First Time Since 2009

August 20, 2026

Blitz Highlights

  • Special
  • Spotlight
  • Insight
  • Entertainment
  • Health

International Editions

  • US (New York)
  • UK (London)
  • Middle East (Dubai)
  • Tanzania (Africa)

Nation

  • East
  • West
  • South
  • North
  • Hindi Edition

E-paper

  • India
  • Hindi E-paper
  • Dubai E-Paper
  • USA E-Paper
  • UK-Epaper
  • Tanzania E-paper

Useful Links

  • About us
  • Team
  • Privacy Policy
  • Contact

©2024 Blitz India Media -Building A New Nation

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    No Result
    View All Result
    • Blitz Highlights
      • Special
      • Spotlight
      • Insight
      • Entertainment
      • Sports
    • Opinion
    • Legal
    • Perspective
    • Nation
      • East
      • West
      • North
      • South
    • Business & Economy
    • World
    • Hindi Edition
    • International Editions
      • Dubai
      • Tanzania
      • United Kingdom
      • USA
    • Blitz India Business

    ©2024 Blitz India Media -Building A New Nation