LIVE: India-Russia ink several deals, Narendra Modi and Vladimir Putin address joint press conference

India-Russia Defence Deal LIVE: According to ANI sources, after S-400 Triumf missile deal, another for space cooperation has been inked between the two countries as per which an Indian monitoring station will be built near the Russian city of Novosibirsk in Siberia.

In a historic agreement, India on Friday signed the $5 billion deal with Russia at the Hyderabad House for the procurement of the five advanced S-400 Triumf missile shield systems, Interfax news agency quoted Kremlin spokesman Dmitry Peskov as stating. The official announcement for the same is scheduled soon on Friday. According to ANI sources, another deal for space cooperation has been inked between the two countries as per which an Indian monitoring station will be built near the Russian city of Novosibirsk in Siberia.

The signing of the air defence system deal comes amidst the warnings by the US to New Delhi against buying the weapon system. The US administration is required under a domestic law, Countering America's Adversaries through Sanctions Act or CAATSA to impose sanctions on any country that has "significant transactions" with Iran, North Korea or Russia. Russian President Vladimir Putin, who is on a two-day visit to India, arrived in the national capital on Thursday for the annual summit with Prime Minister Narendra Modi.

Putin's visit though is not all about defence deals. He and Prime Minister Narendra Modi are expected to also discuss the possibility of a second Russian-built nuclear power plant. Russia could also train Indian astronauts with Indian Space Research Organisation (ISRO) looking to send a manned space mission in 2022.

Here are the live updates:

05 October 2018

15:15 IST

The list of agreements/MoUs exchanged between India and Russia:

1) Protocol for Consultations between the Ministry of Foreign Affairs and MEA for the period 2019-2023

2) Memorandum of Understanding between the Ministry of Economic Development of the Russian Federation and the National Institution for Transforming India (NITI Aayog)

3) Memorandum of Understanding between Indian Space Research Organization (ISRO) and the Federal Space Agency of Russia ‘ROSCOSMOS’ on Joint Activities in the field of Human Spaceflight Programme

4) Memorandum of Cooperation between the Indian and Russian Railways

5) Action Plan for Prioritization and Implementation of Cooperation Areas in the Nuclear Field

6) Memorandum of Understanding between the Russian Ministry of Transport and Indian Railways in the Development Cooperation in Transport Education

7) Memorandum of Understanding between the National Small Industries Corporation (NSIC), of India and the Russian Small and Medium Business Corporation (RSMB), on Cooperation in the field of Micro, Small and Medium Enterprises

8) Cooperation Agreement in the Fertilizers Sector between the Russian Direct Investment Fund" ("RDIF”); PJSC Phosagro (PhosAgro) and Indian Potash Limited (IPL)

15:02 IST

14:54 IST

In other news, a video of then-cadet Putin's room at Russia's spy school

VIDEO of then-cadet #Putin's room at #Russia's spy school released https://t.co/jlbMCq1tdg pic.twitter.com/ZoVWcGK1o5

— Sputnik (@SputnikInt) October 5, 2018

14:51 IST

We've discussed Syria, the situation that came as a result of the action of US to withdraw from Iran deal and we're thankful for the meaningful negotiation. It is my great pleasure to once again invite Prime Minister to participate in the next Vladivostok Forum as the main guest: Putin 

14:47 IST

We invite India to extend and establish their business in Russia. We've disccussed regional and international issues. Russia committed to broden defence ties, boost mutual strategic ties and also help India's energy needs: Putin

14:45 IST

We are committed to deepening our ties with India. We've signed several agreements today which are going to deepen out ties with India. We have also discussed trade coporation, says Russian President Vladimir Putin

14:42 IST

Co-operation between the two countries essestial to tackle terrorism. India and Russia stand for muti-lateralism. Russia is essential for India's 'Vikas', says PM Modi

14:36 IST

This is a new chapter in strategic ties between the two countries. India gives priority to its relations with India. Russia has always been a part of India's growth story: PM Modi

14:33 IST

Prime Minister Narendra Modi and Russian President Vladimir Putin issue the joint statement in a press event. The Memorandum of Understanding (MoUs), including in fields of railways, space, nuclear, exchanged between India and Russia.

13:55 IST

PM Narendra Modi and Russian President Vladimir Putin are scheduled to give a joint statement soon. The leaders of both the countries will announce several important agreements that were discussed by them in the Hyderabad House in the national capital.

13:23 IST

An exchange of agreements and press statements are scheduled to take place soon.

13:23 IST

The meeting between PM Narendra Modi and Russian President Vladimir Putin is taking place at Hyderabad House in the national capital.

13:20 IST

Another deal for space cooperation has been signed between Russia and India. An Indian monitoring station will be built near the Russian city of Novosibirsk in Siberia (ANI)

13:19 IST

India inks deal for five Russian S-400 Triumf missile shield systems (ANI). The official announcement for the same is at 1.30 pm.