Tags: EU | Turkey | Russia | Arms | Deal

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

Friday, 29 December 2017 06:38 AM EST

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 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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
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