Russian credit to cover part of S-400 missile deal with Turkey - agency

Russia will offer Turkey partial financing for Ankara's purchase of S-400 surface-to-air missile systems
Tuesday, 12 December 2017 18:20

Russia will offer Turkey partial financing for Ankara's purchase of S-400 surface-to-air missile systems, the Interfax news agency reported on Tuesday, citing a Russian presidential aide.

Turkish and Russian officials would meet to finalise the deal next week, Turkish President Tayyip Erdoğan said on Monday. In turn, Putin said he hoped that the loan agreement in the area of defence industry cooperation with Turkey would be signed in the near future.

When asked by Interfax whether the Russian financing would cover the full cost of the deal, Russian presidential aide Vladimir Kozhin said: "Not the whole, partially." "Technical questions are being discussed, the interest rate. Everything is in the Finance Ministry," he said of the deal.

Russia will provide Turkey with a loan in the area of defence industry cooperation immediately after the signing of a relevant agreement, Russia's Finance Minister Anton Siluanov said Monday.