January 19, 2018
The Most Valuable
Information Free To All

Russia to supply Turkey with four S-400 missile batteries for $2.5bn

Russia will supply Turkey with four batteries of S-400 surface-to-air missiles for $2.5 billion under a deal that is almost complete, Sergei Chemezov, head of Russian state conglomerate Rostec, told the Kommersant daily today.

Turkish Defence Minister Nurettin Canikli said Ankara would purchase two S-400 systems and four batteries and that all agreements were made, the state broadcaster TRT Haber reported.

Turkey will pay 45 per cent of the cost up front with Russia providing loans to cover the remaining 55 per cent, Chemezov said. Moscow expected to begin the first deliveries in March 2020, he said.

Chemezov told Kommersant that Turkey was the first NATO member state to acquire the advanced S-400 missile system.

He said the Russian and Turkish finance ministries had already completed talks on financing the deal and that the final documents just needed to be approved.


Originally appeared on MiddleEastMonitor.com | Photo Credit: Wikipedia Commons

Leave a reply