India has reportedly made the first payment worth Usd 850 million or 15% of the Usd 4 billion Contract price of the S-400 Surface to Air Missile (SAM) system to Russia.
Both sides reportedly used a financial mechanism for the payment to avoid attracting sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) of the United States (US). The details of the mechanism used was not revealed though.
SOURCE: S-400 Missile Defence System delivery on track, India makes $850 Million payment
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Both sides reportedly used a financial mechanism for the payment to avoid attracting sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) of the United States (US). The details of the mechanism used was not revealed though.
SOURCE: S-400 Missile Defence System delivery on track, India makes $850 Million payment
Like my page on Facebook: https://www.facebook.com/philippinedefensebulletin
Follow me on Twitter: https://twitter.com/PhilDefNews
Subscribe to me on Blogger: https://therhk111philippinedefenseupdates.blogspot.com
Visit me on Wordpress: https://rhk111smilitaryandarmspage.wordpress.com
Watch my Youtube Channel: https://www.youtube.com/channel/UCPoTzGfu0iP9VPaQQ9EOjVQ/videos
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