The fall of th S400 deal would mean a major setback for Anil Ambani’s. If the deal doesn’t get a waiver and India still goes ahead Ambani’s Rafale deal gets hit. India can easily find an alternative to S400 but that’d destroy Reliance Defense. The question is will US sanction Reliance Defense as it did with Turkey for doing business with the Russians?
The S400 Deal - Will US Sanction Reliance Defense
The S400 Deal - Will US Sanction Reliance Defense
Trump’s sanctions against Turkey result largely from Erdogan’s agreement to purchase the S-400 surface-to-air missile system from Russia. Interestingly, India too signed a deal worth $5.4 billion with Russia for S-400 in 2015.
Purchases from Russia attract US sanctions under the “Countering America's Adversaries Through Sanctions Act (CAATSA)”. The US can issue waivers but only on a transaction-to-transaction basis. The US still has not given India a waiver on ...