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Title : Turkey Seeks Russian Loan to Buy S-400 Systems
link : Turkey Seeks Russian Loan to Buy S-400 Systems

Turkey Seeks Russian Loan to Buy S-400 Systems

MOSCOW --- Turkey has announced its wish to obtain Russia’s loan to buy weapons, including S-400 (NATO reporting name: SA-21 Growler) air defense missile systems, Rostec state corporation CEO Sergey Chemezov told the Rossiya-24 TV channel on Tuesday.

"They have voiced their wish to get a loan, but now the issue has not been solved. The Finance Ministry is holding talks, as soon as they sign this and take a decision on allocating a loan, we will already ink contracts on supplies, including of S-400," Chemezov said.

The Rostec CEO gave no details on when this decision could be taken.

In February, Chemezov said that Turkey had shown interest in the Russian-made S-400 system and was in talks with Moscow on

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the possible supplies. In November 2016, Turkish National Defense Minister Fikri Isik reported about these talks.

China was the first to buy the Russian-made S-400 surface-to-air missile systems. It was announced in the spring of 2015 that the relevant contract had been signed. According to media outlets, the deal was worth about $3 billion.

In October 2016, Russia and India signed an intergovernmental agreement on the delivery of S-400 systems.

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