Russia: S-300 contract with Iran cost nearly $1B
The value of Russia’s contract with Iran for the supply of S-300 air defense systems was nearly $1 billion, Sergey Chemezov, the chief of Russia’s Rostec state corporation, said, TASS reported.
“We were through with the supplies of S-300 air defense systems to Iran last year,” he said, adding that no more supplies of Russian weapons to Iran are currently planned.
Russia signed a contract with Iran for the supply of S-300 air defense systems to the country back in 2007. However, the contract was put on hold in 2010 due to the UN imposing sanctions on Iran after the country refused to suspend its uranium enrichment program.
Russian President Vladimir Putin lifted the ban for the supply of S-300 air defense systems to Iran in April 2015.
Iran and the P5+1 (China, France, Russia, the UK, the US plus Germany) inked the Joint Comprehensive Plan of Action (JCPOA) on July 14, 2015 and started implementing it on Jan. 16, 2016.
Under the nuclear agreement, Iran undertook to put limitations on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.