Войти

Russia and India have abandoned the dollar in settlements on arms deals

3154
0
+5
Image source: Марина Лысцева/ТАСС

New Delhi. December 7. INTERFAX - Russia no longer uses the dollar in mutual settlements on arms deals, including with India, said the head of Rosoboronexport, Alexander Mikheev.

"By tradition, we call all transactions in dollars for the convenience of counting. In real work, Rosoboronexport has almost 100% moved away from calculating in US currency," Mikheev told reporters.

According to him, when working in national currencies, there is no risk of delays in payments when fulfilling contractual obligations.

"As for India, all settlements are conducted in rubles and rupees. In addition, we are actively practicing offset projects, which are also present in the contract documents signed today. This is a normal modern practice, one of the trends of the world market," Mikheev said

India is one of the main buyers of Russian weapons. The volume of the portfolio of Indian arms orders from Russia is about $ 15 billion, and since 1991, India has ordered weapons worth about $ 70 billion, the Federal Customs Service of the Russian Federation reported.

It was officially reported that in early October 2018, on the sidelines of the Russian-Indian negotiations at the highest level, a contract was signed for the supply of S-400 Triumph air defense systems to India (Almaz-Antey Concern of East Kazakhstan Region). Under the contract with a total value of $5.43 billion, India will receive five regimental sets of S-400.

On November 15, the head of Rosoboronexport, Alexander Mikheev, announced that the Russian Federation had begun supplying India with S-400 systems ahead of schedule, and the first regimental set would be shipped at the end of the year.

The rights to this material belong to
The material is placed by the copyright holder in the public domain
  • The news mentions
Do you want to leave a comment? Register and/or Log in
ПОДПИСКА НА НОВОСТИ
Ежедневная рассылка новостей ВПК на электронный почтовый ящик
  • Discussion
    Update
  • 14.07 22:42
  • 9632
Without carrot and stick. Russia has deprived America of its usual levers of influence
  • 14.07 20:25
  • 0
Ответ на "На Западе заявили о революционных возможностях новых российских Су-34М"
  • 14.07 18:21
  • 1
New conversion
  • 14.07 17:32
  • 22
APU drones attacked Siberia for the first time. They were flying out of the truck to hit the airfield.
  • 14.07 14:56
  • 1
Путин: в основе противоречий между Россией и Западом лежит не идеология
  • 14.07 07:12
  • 1
Russia has gained a foothold in Ukraine for a long time (Financial Times, UK)
  • 14.07 00:59
  • 466
Израиль усиливает меры безопасности в связи с опасениями ударов со стороны Ирана
  • 14.07 00:59
  • 15
Putin and relations with Azerbaijan: Focus on the South Caucasus (Al Mayadeen, Lebanon)
  • 14.07 00:56
  • 4
Ukraine has received new cruise missiles SCALP: what kind of weapon is this?
  • 14.07 00:46
  • 52
Commander of the US Air Force in Europe on the role of aviation in the fighting in Ukraine
  • 14.07 00:36
  • 4
X-101 cruise missile in Ukraine: Chinese assessment
  • 14.07 00:12
  • 323
Главком ВМФ России: проработан вопрос о создании нового авианосца
  • 14.07 00:03
  • 1503
Корпорация "Иркут" до конца 2018 года поставит ВКС РФ более 30 истребителей Су-30СМ
  • 13.07 23:16
  • 41
Russian air defense systems: the first experience of real combat use
  • 13.07 23:13
  • 110
В США оценили российские Су-34 с УМПК