India Russia Overcome Payment Issues

Victor Kladov, Director, International Cooperation and Regional Policy of Rostec Corporation has informed that all issues regarding payment for ongoing and future defence deals between Russia and India have been resolved and the countries have decided to do settlement under a Rupee-Rouble arrangement to bypass restrictions under the CAATSA regime forced by the USA.

This arrangement would clear the way for payments for the 200 helicopter deal Ka 226T helicopters which are to replace the 1950s vintage Chetak (Alouette III) and Cheetah helicopters of the Indian Air Force and Army. It will further clear the way for delivery of the S-400 TRIUMF air defence systems also.

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