Tags: EU | Turkey | Russia | Arms | Deal

Reports: Turkey, Russia Sign Loan Deal for S-400 Air System

Friday, 29 December 2017 06:38 AM

ANKARA, Turkey (AP) — Turkish media are reporting that Turkish and Russian officials have signed a financing agreement for the purchase of a Russian-made anti-missile system worth $2.5 billion.

The Hurriyet Daily News newspaper said the loan deal for four S-400 surface-to-air missile batteries was signed in the Turkish capital Ankara on Friday.

Turkish President Recep Tayyip Erdogan announced in September that Turkey had signed a deal to buy Russia's most advanced air defense system, drawing concerns from some of Turkey's NATO allies.

Some NATO countries have expressed worries that the S-400 system is not compatible with the alliance's weapons systems.

Turkey plans to finance part of the purchase through a Russian loan. Erdogan told a group of journalists that the loan would be set in Russian rubles.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Turkish media are reporting that Turkish and Russian officials have signed a financing agreement for the purchase of a Russian-made anti-missile system worth $2.5 billion.The Hurriyet Daily News newspaper said the loan deal for four S-400 surface-to-air missile batteries...
EU,Turkey,Russia,Arms,Deal
127
2017-38-29
Friday, 29 December 2017 06:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved