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Russia considers loan to Turkey for S-400 purchase

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Moscow is currently considering the possibility of providing Ankara loan for the purchase of Russian S-400 systems.

Russia and Turkey have agreed on all technical aspects of the deal on supplies of S-400 missile systems, CEO of Rostec Corporation Sergey Chemezov said Saturday on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"As for the S-400 system, the discussions are going on, all the technical issues have already been agreed on, the current discussions refer to the financial issues, the Turkish side is seeking to get loan," Chemezov told reporters, adding that Turkish and Russian Finance Ministries were engaged in talks on the issue, though he did not know the outcome of the negotiations.

On April 28, Turkish Foreign Minister Mevlut Cavusoglu said Moscow and Ankara had reached an agreement on the purchase of the S-400 air defense systems with the negotiations on joint production and the prices being underway.
The S-400 Triumf, which NATO refers to as the SA-21 Growler, was developed by the Almaz-Antey defense contractor and manufactured by the Fakel Machine-Building Design Bureau. The system is capable of intercepting all types of modern air weaponry, including fifth-generation warplanes, as well as ballistic and cruise missiles at a maximum range of nearly 250 miles.

The 21st annual SPIEF is a major global platform for business representatives where crucial economic issues are discussed. SPIEF is held between Thursday and Saturday. Sputnik News Agency is the official media partner of the forum.

2017.06.03 / 19:36
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