Russia said to offer Turkey partial financing for S-400 anti-aircraft missile system purchase

By bne IntelliNews December 12, 2017

Russia is to offer Turkey partial financing for Ankara’s acquisition of S-400 surface-to-air missile systems, Interfax news agency quoted a Russian presidential aide as saying on December 12.

“Technical questions are under discussion, the interest rate. Everything is at the Finance Ministry,” the aide, Vladimir Kozhin, reportedly said of the deal.

Turkish President Recep Tayyip Erdogan on December 11 anticipated that the deal to purchase the S-400 advanced military hardware would be concluded within days. “Our officials will come together in the coming week to finalise the S-400 issue,” Erdogan said at a joint news conference held with Russian counterpart Vladimir Putin, who was on a whirlwind tour of the Middle East.

Turkey has been in talks with Russia to purchase the anti-aircraft system for more than a year. That has unsettled NATO allies who see the move as somewhat provocative—particularly given the backdrop that has seen Ankara grow geopolitically closer to Moscow and less aligned with Washington and the EU because of a series of rows tied to Turkey’s governance and demands under its continuing state of emergency—because the system cannot be integrated into the military alliance’s defences.

Independence in military equipment production is an objective Turkey wants to meet within a few years. It is developing domestic projects that are to produce combat helicopters, drones, tanks and other defence items.

Turkey expects to receive its first S-400 system in 2019. The drawn up deal includes two systems, with one optional.

Related Articles

Despite local elections defeat Erdogan “remains in control” at head of “super-executive regime”, says analyst

Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more

Upcoming local elections in Turkey neither free nor fair says EU-Turkey Civic Commission

The upcoming March 31 local elections in Turkey will be neither free nor fair, according to the EU-Turkey Civic Commission (EUTCC), a non-governmental organisation (NGO) backed by Kurdish groups. ... ... more

Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries

Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more

Dismiss