Iran has made full payments for the deliveries of S-300 anti-aircraft missile systems to Russia.
"We have just completed the deliveries of S-300 systems. The contract has been implemented in full and the Iranian side has made payments and withdrawn its lawsuit on the contract," Russian presidential aide for military and technical cooperation Vladimir Kozhin was quoted as saying by Tass Thursday.
Russia signed a $900 million contract with Iran in 2007 for the delivery of S-300 air defense systems to the Islamic Republic. However, the contract’s fulfilment was suspended in 2010.
The contract to deliver five Russian S-300 systems to Iran was signed in 2007 but it was suspended after the adoption of UN Security Council sanctions on Iran in mid-2010.
A deal between Iran and six world powers over its nuclear activities which lifted sanctions in January 2015 removed the barriers to delivery but the fully operational system is still awaited. In April 2015, Russia resumed the talks on the S-300 deliveries following an agreement on the Iranian nuclear program.
Russia’s Federal Service for Military and Technical Cooperation reported in October that Russia had completed the delivery of S-300 systems to Iran.
The Russian anti-ballistic missile system is designed to defeat short- and medium-range ballistic missile, aero ballistic, and cruise missiles, fixed-wing aircraft, as well as loitering ECM platforms and precision-guided munitions.