MOSCOW: Russia has said that the payment process for the defense deal between India and Russia is not a matter, with Russia expressing optimism that the KA 226 T-Russian helicopter contract is likely to be signed by next week. "This deal has been very successful, the mode of payment is not a big issue," said Victor N. Kaldov, the Director of International Cooperation and Regional Policy of Russian State and Rostec. ''
He has said that we had some difficulties in the beginning because of banking restrictions. But then we have sorted it out at the G2G (Government to Government) level and we use a different currency. "Yes, we are hoping that this meeting between President Putin and PM Narendra Modi will bring new development in the K226T project," said Kaldov. The deal will go ahead. It is worth mentioning here that all technical and commercial negotiations about K 226T have already been completed, but the contract has not been signed.
"There is no delay, we are waiting for the final answer of India's Defence Ministry," Kaldov said. Everything is ready." Rostec serves as an umbrella for all Russian defense companies. It is believed that during PM Modi's visit to Russia next week, Kamov is expected to sign a -226 Or 226 T-Russian helicopter deal.
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