Turkey and Russia have signed a loan agreement for the purchase of S-400 Triumf anti-aircraft weapon systems, TASS reports, citing Haberturk TV channel announcement on Friday.
According to Kommersant daily report on December 27, Turkey will pay 45 percent of the cost up front, with Russia providing loans to cover the remaining 55 percent of the deal worth US$2.5 Billion.
Earlier this year, Turkish President Erdogan had confirmed that his country has paid an advance for the missile defence system, kicking off the acquisition process.
Turkey will have to pay $1.125 Billion as cash for the S-400 purchase (45 per cent of $2.5 billion).
Russia will supply Turkey with four S-400 surface-to-air missile systems under the deal that is almost finalised, General Director of state corporation Rostec Sergey Chemezov said. Moscow expects to begin the first deliveries in March 2020, he said.
S-400 Triumf is a long-range anti-aircraft missile system, adopted in service in 2007. It is intended for the destruction of aviation, cruise and ballistic missiles, including medium range, and can be used against ground targets.
Russia will provide loans worth US$1.375 Billion to help Turkey pay for its purchase of the S-400 surface-to-air missile defence system
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
Turkey has completed the formal purchase of S-400 long range anti-aircraft missile defense system from Russia "In addition to the S-400, Turkey also made preliminary agreements with the Eurosam countries to develop, produce and use the air defense system in order to improve its long-term domestic national capacity," Turkish Defense Minister Nurettin Canikli was quoted as saying by Anadolu news agency Saturday. "We especially aim to have our own technology," the minister added
Russia has set up sixteen air defense regiments rearmed with advanced S-400 Triumf air defense systems in the last five years, Chief of the General Staff of the Russian Armed Forces Gen. Valery Gerasimov said
Transfer of technology and local production may have been included in Turkeys S-400 air defence system purchase agreement with Russia, Turkish Defense Minister Hulusi Akar hinted today. "We are not a country that only buys now, we are a state that creates knowledge and has production opportunities
Turkey could consider buying Sukhoi Su-57 fifth generation fighter jets if the United States abandons a deal to sell F-35 aircraft to Ankara as punishment for procuring
Russia will accelerate the delivery of S-400 missile defense systems to early 2020 upon a request from Ankara. "Turkey expressed a wish to accelerate its implementation and we managed to find the most appropriate solution as we agreed to accelerate the contracts implementation
Turkeys Defense Technologies Engineering and Trade Inc. (STM) is promoting locally made lightweight Kamikaze unmanned aerial vehicles to Saudi Arabia during an on-going global defense fair held in the capital of Riyadh
NATO has received no request from Turkey to integrate its Russian origin S-400 missile defence system with the Pan-Atlantic defence bloc, NATO Secretary-General Jens Stoltenberg has said. “I am aware that Turkey has made an agreement or they have announced their intention to buy S-400 Russian air defense system
Russia is planning to deliver a second batch of S-400 air defence system to Turkey under which some components of the high tech system is planned to be manufactured by Turkish firms by way of a technology transfer clause. "After the delivery of the first batch concludes in May or June 2020, the parties plan to sign a new contract on the delivery of the second batch of the S-400 systems in 2021
F-35, F-22 Jets To Be Displayed at Dubai Airshow 2019
Israel Launches Project ‘Hercules’ to Counter Cyber Threats to Aviation
Iran Unveils 'Kian 700' Transporter to Haul Two Tanks
Russia Debugs Navy’s Oceanographic Research Vessel
Bangladesh to Buy Fighter Jets, Apache Gunships & Missile Systems from US
India's Tejas Mk2 in Final Trials
Russia Seeks Customers for 6 Upgraded, Former Indian Air Force Su-30 Fighters
China’s J-20 Fighter May Have Entered Mass Production with Increased Deployment
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...