Friday, October 8, 2010

Russia Returns Iran's Deposit For S-300 Missile Defense System

S-300 missiles. © RIA Novosti. Mikhail Fomichev

Russia To Return $166.8 Million Prepayment To Iran For S-300 Missile Defense System -- RIA Novosti

Russia owes Tehran only the prepayment of $166.8 million for S-300 air defense missile systems, Rostekhnologii head Sergei Chemezov said on Thursday.

The contract to supply Iran with the missile system, one of most effective in existence, was signed at the end of 2007. Russia was to supply five divisions' worth of S-300PMU-1 for $800 million. Russia canceled the contract to supply Tehran with S-300 air defense missile systems because of UN sanctions against the Islamic Republic.

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More News On Russian - Iran Relations After The S-300 Fiasco

Russia to repay Iran for cancelled missile order
-- BBC
Russia to Refund Iran for Canceled Missile Deal -- Voice of America
Russia to refund Iran for cancelled S-300 sale -- Politico
Russia to reimburse Iran for nixed missile pact -- CNN
Russia to refund Iran 'over missile deal' -- AFP
Russia to return $166.8m to Iran for shelved missile deal -- Haaretz

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