Azerbaijan, Baku, Oct. 23 / Trend /
Iran launched the legal process to recover compensation from Russia for its refusal from executing a contract to supply Iran with anti-aircraft missile system S-300, Iranian Defense Minister Ahmad Vahidi said in an interview with Iranian Mehr news agency.
He said that the Iranian side calls for compensation in accordance with the agreement and began the legal process on this case because Russia refused from selling S-300 to Iran.
"Iran will produce S-300 itself," the minister said.
On Sept. 22, Russian President Dmitry Medvedev signed a decree banning the transfer of S-300 missiles, armored vehicles, combat aircrafts, helicopters and ships to Iran. This is envisaged by a presidential decree on measures to implement UN Security Council resolution 1929 dated June 9, 2010. The contract to supply Iran with five battalions of S-300 PMU-1 was signed in late 2007. The deal amounted to $800 million.