Baku, Azerbaijan, Dec. 29
By Rufiz Hafizoglu – Trend:
Turkey signed a loan agreement with Russia to purchase the S-400 Triumph air defense systems, the Turkish media reported Dec. 29.
Reportedly, the sides signed the loan agreement in Turkey.
Turkey will pay a part of the cost for S-400 through the loan, Turkish National Defense Minister Nurettin Canikli said earlier.
Turkey purchased four divisions of the S-400 air defense systems from Russia, CEO of Rostec Corporation Sergey Chemezov had said. Chemezov noted that the total purchase price was $2.5 billion and the first supplies are scheduled for late 2019-early 2020.
He added that the Russian and Turkish finance ministries have completed negotiations on issuance of a Russian loan for the purchase of S-400.
"The final documents are to be approved,” he said. “The Turkish side will pay 45 percent of the total amount in advance and 55 percent through a Russian loan. The first supplies are planned for March 2020."
Earlier, Turkish President Recep Tayyip Erdogan said that Russia and Turkey are negotiating the terms of a loan for the purchase of S-400.
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