Mattis Says U.S. Ready to Ink Defense Technology Pact With India

Mattis Says U.S. Ready to Ink Defense Technology Pact With India
AP Photo/Manish Swarup

(Bloomberg) -- U.S. Defense Secretary Jim Mattis said he's ready to sign a key defense cooperation agreement with India, as tensions remained over threatened American sanctions.

The talks, postponed from earlier, are scheduled for Thursday as the U.S. threatens economic sanctions on Prime Minister Narendra Modi's government unless it significantly reduces purchase of oil from Iran and scraps the purchase of an anti-aircraft missile system from Russia. India has so far refused to agree to the demands.

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