Turkey's negotiations for Russia's S-400 missile system at "final stage"

By bne IntelliNews April 21, 2017

Turkey's talks with Russia on the purchase of the advanced S-400 surface-to-air missile defence system have reached the "final stage", but this does not mean the signing of a deal is imminent, Turkey’s Defence Minister Hilmi Isik said on April 21, Reuters reported.

Turkey clearly needs such a missile defence system but Nato member countries are yet to present a financially attractive offer for the delivery of their alternative hardware, Isik told a news conference in Ankara.

In 2015, Turkey cancelled a controversial long-range missile system deal with China Precision Machinery Import and Export Corp (CPMIEC).

Ankara started talks with China on the $3.4bn missile system in September 2013, but opted not to sign the final deal after Nato allies expressed concern over Ankara’s plans to buy the Chinese system, citing security and compatibility problems.

Kremlin spokesman Dmitry Peskov has, meanwhile, confirmed reports that Turkish President Recep Tayyip Erdogan and Russian leader Vladimir Putin are to meet in Sochi on May 3. They will discuss the Syria conflict, news agencies reported Peskov as saying.

Related Articles

Russian Direct Investment Fund leads purchase of 25% in St Petersburg airport

Russia’s fourth largest airport Pulkovo sold a 25% stake to a consortium of investors pooled by Russian Direct Investment Fund (RDIF), including Mubadala Development Company, other leading Middle ... more

Russia offers Latvian port a slice of the Nord Stream pie

The Latvian port of Ventspils has been asked to store and handle delivery of pipes for Nord Stream 2, the controversial Russian gas pipeline project, the chairman of the port said on April 20. The ... more

ExxonMobil reportedly seeking to bypass sanctions to return to Russia

US oil major ExxonMobil has applied to the US Treasury Department seeking a waiver from Russian sanctions in order to resume joint ventures with Kremlin-controlled oil major Rosneft, the Wall Street ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss