Value of S-300 contract with Iran almost touched $1 billion - Rostec

A long-range S-300 missile system on display during a parade marking Iran’s National Army Day in Tehran in 2016.

A long-range S-300 missile system on display during a parade marking Iran’s National Army Day in Tehran in 2016.

AP
No more supplies of Russian weapons to Iran were due for now

The value of the contract with Iran for the supply of S-300 air defense systems almost reached $1 billion, the chief of the Rostec corporation, Sergey Chemezov, told the media.

"The S-300 cost about one billion dollars," he said. No more supplies of Russian weapons to Iran were due for now, he added. "We were through with the supplies of S-300. No plans for anything are on the agenda," he stated.

The S-300 contract with Iran had been concluded back in 2007 only to have been suspended in 2010. Russian President Vladimir Putin lifted the ban from S-300 supplies to Iran. The contract regained force in November. Last October the federal service for military-technical cooperation said Russia had been through with the delivery of these weapon systems to Iran.

Source: TASS  

Read more: How Russia managed to double its exports to Iran in 2016

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