Russia Agrees To Grant Loan For Turkey’s S-400 Missile System Deal

  • Our Bureau
  • 01:03 PM, December 22, 2017
  • 3270
Russia Agrees To Grant Loan For Turkey’s S-400 Missile System Deal
Russia Agrees To Grant Loan For Turkey’s S-400 Missile System Deal

Russia has completed negotiations with Turkey for the sale of an S-400 air defense missile system, and has agreed to grant loan for the purchase.

"All the issues have been resolved and I discussed this theme while literally entering this hall. The contract is entering the implementation stage actually in coming days. A part of the contract will be paid for by the Turkish side and the other part will be covered by a loan granted by the Russian side," Vladimir Kozhin, a presidential aide who oversees matters of military cooperation was quoted as saying by TASS Thursday.

"The deliveries will begin in late 2019 - early 2020," he added.

Russia’s President Vladimir Putin and his President Recep Tayyip Erdoğan had discussed the deal valued at about $2 billion during Putin’s visit to Ankara last week.

The agreement to purchase the latest Russian surface-to-air missile defense batteries is Turkey’s most significant deal with a non-NATO military supplier, and comes amid strained relations between Ankara and several Western countries.

Also Read

Turkey to Receive First Batch of S-400s Missile System in 2019

November 23, 2017 @ 07:45 AM

Turkey Completes Purchase of S-400 Air Defense System from Russia

November 12, 2017 @ 10:10 AM

Russia, Qatar Sign Military Coop Agreement, S-400 Missile System Export Likely

October 26, 2017 @ 01:47 PM

Turkey Could Evaluate Russian Su-57 Aircraft if US Blocks F-35 Sale

May 28, 2018 @ 08:32 AM

Turkish Firms to Manufacture S-400 Components in Second Contract Planned with Russia

February 14, 2018 @ 12:43 PM

Turkey, Russia Sign Loan Agreement for S-400 Missile System Sale

December 29, 2017 @ 12:35 PM

Russia Completes Upgrading MiG-35 Component Assembly Unit, to Start Mass Production Next...

December 27, 2017 @ 12:58 PM

Russia to Advance $1.375 Billion Loan to Turkey for S-400 Missile System

December 27, 2017 @ 11:24 AM

Russia Close to Complete First Future Strategic Bomber Prototype Development

December 24, 2017 @ 03:54 AM