Russian-Turkish Contract on S-400 Missile Systems Worth $2.5 bln — Rostec Corporation
(Source: TASS; published Dec 27, 2017)
MOSCOW --- The value of contract to deliver Russian S-400 air defense missile systems to Turkey stands at $2.5 billion, the head of the state corporation Rostec, Sergei Chemezov, said in an interview with the Kommersant daily.

"Yes, the deal is [worth] $2.5 billion," he said, answering a reporter’s question.

He said the first deliveries of the S-400 air defense missile systems to Turkey will begin in March 2020. "We plan to begin first deliveries in March 2020," he said.

According to the official, the finance ministries of Russia and Turkey have already completed negotiations on the issue. "The only thing left is to approve the final documents," he said.

"I can say that they will pay 45% of the overall contract value as an advanced payment, and 55% will be a loan from Russia," Chemezov said.

Chemezov said that Turkey will become the first NATO member purchasing the advanced S-400 system.

"We are also at the final stage of negotiations to supply those systems to Saudi Arabia. In general, we have paid great attention to cooperation with the Middle East, huge work was done to implement an array of joint projects in the Persian Gulf states," he added.

Turkish President Recep Tayyip Erdogan said on September 12 that Ankara had inked a deal with Moscow on the purchase of S-400 surface-to-air missile systems and had made an advance payment.

Russia’s S-400 Triumf is the latest long-range antiaircraft missile system that went into service in 2007. It is designed to destroy aircraft, cruise and ballistic missiles, including medium-range missiles, and can also be used against ground targets.

The S-400 can engage targets at a distance of 400 km and at an altitude of up to 30 km.

(EDITOR’S NOTE: Haberturk TV channel reported Dec 29 that Turkey and Russia had signed a loan agreement for the purchase of S-400 Triumf anti-aircraft weapon systems.)


Turkish FM Says Negotiating with Russia Over S-400 Technology Transfer
(Source: Radio Free Europe; issued Jan 02, 2017)
Turkish Foreign Minister Mevlut Cavusoglu says Ankara is still negotiating with Moscow about a technology transfer as part of its controversial purchase of Russia's S-400 air-defense missile system.

Cavusoglu said buying the missile system -- which caused great concern among Turkey's NATO allies when it was officially announced on December 27 -- was necessary and that Turkey "needed it urgently."

"We wanted to buy it from our NATO allies, but it did not work out," Cavusoglu told dpa in an interview. "Russia gave me the best deal. And that is why I bought it from Russia."

The reported $2.5 billion deal is still set to move ahead, Cavusoglu said, despite the still unconcluded issue over the technology transfer.

"They told us in principle that there will be joint production and also technology transfer," he said. "But this is an issue to negotiate in the medium-term and long-term."

He said the first deliveries of the missile system are due to begin in 2020.


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