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Russian President Vladimir Putin will be in New Delhi this week for the 19th India-Russia annual bilateral summit. Welcoming Modi to Sochi "personally as a big friend" of Russia, Putin said his visit would give a fresh impetus to bilateral ties. During his visit to New Delhi a year ago, Russian foreign minister Sergei Lavrov had publicly called on India to join China's Belt and Road initiative and hoped that New Delhi will find a way out to benefit from the mega connectivity project without sacrificing its position on the issues flagged by it.

The S-400 deal has been one of the major issues challenging India-US relations. Putin, 65, and Modi, 68, are also set to discuss a possible second Russian-built nuclear power plant. 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 Russian Federation. The picture gets further complicated if India reneges on the S-400 deal and oil imports, a move that could strengthen ties between Russia, China and Iran, unravelling New Delhi's long term support to Afghanistan and its carefully scripted strategy for the region. China signed a deal for six battalions of the S-400 in 2015 and countries like Turkey, Saudi Arabia and Iraq are in line.

"We will have to see whether a deal will be signed, or an MoU, or will be reflected in the joint statement".

Before India signs the S-400 deal, reports suggest that China was the first one to procure S-400 from Russian Federation in 2014.

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The U.S. did not spare China from sanctions last month, when it purchased Russian fighter jets and surface-to-air missile equipment.

Nevertheless, an amendment to the act allows Trump to grant waivers on a case-by-case basis.

"India has maintained its sovereignty as regards to its relationship with countries".

The South China Morning Post (SCMP) also noted that the India-Russia agreement had raised eyebrows in both the United States and China. India is also expected to ink the $5 billion S-400 Triumf deal with Moscow.

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On the strategic front, Russian Federation helped India become a full member of the Shanghai Cooperation Organisation this year and has backed New Delhi's long-held demand for a permanent UN Security Council seat. Doval had a 90-minute intense discussion with Secretary Mattis on the need for India to acquire the S-400 missile system.

Vladimir Putin in India LIVE: Russian President Vladimir Putin with PM Narendra Modi on Thursday. The current uncertainties in the oil market, especially about how many Iranian barrels will be lost to USA sanctions, will persist for at least another month until the market gets some clarity on the Iran sanctions, Novak noted.

He will also interact with a group of talented children and address an India-Russia business meet.

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