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Turkey to Take Out Russia’s Loan for S-400 Missile System Purchase

19.07.2017 18:21

Turkey will most likely borrow a part of funds from Russia to purchase S-400 air defense missile systems, Russian state hi-tech corporation Rostec CEO Sergei Chemezov said.

Russian Presidential Adviser for Military and Technical Cooperation Vladimir Kozhin said in late June that Russia’s contract with Turkey on the delivery of S-400 long-range air defense missile systems had been agreed while the issue of loan provision had yet to be settled.

International Cooperation and Regional Policy Department Chief of Russia’s Rostec state hi-tech corporation Viktor Kladov earlier told that Russia and Turkey had agreed on the technical issues of the delivery of S-400 Triumf (NATO reporting name: SA-21 Growler) surface-to-air missile systems.

He said, however, that the contract had not been signed yet and the sides were discussing the non-technical terms of the deal.

"There are commercial issues, monetary and financial and political issues", he said.

Russia’s S-400 Triumf is the latest long-range antiaircraft missile system that went into service in 2007. It is designed to destroy aircraft, cruise and ballistic missiles, including medium-range missiles, and can also be used against ground objectives.