Turkey expects Russian loan to purchase S-400 missile system

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Turkey expects Russian loan to purchase S-400 missile system
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Turkey has expressed a wish to receive from Russia a loan for the purchase of weapons, including S-400 anti-aircraft missile systems, the head of Rostec state corporation, Sergei Chemezov announced.

“They expressed a wish to get a loan, but the issue is not settled yet. The Ministry of Finance conducts negotiations, as soon as they sign and make the decision on allocation of a loan amount, we will sign contracts for supply. They will include S-400”, — Sergei Chemezov told “Rossiya 24” TV channel without specifying, when such a decision could be taken.

In February, the head of Rostec informed that Turkey had expressed its interest in S-400 missile systems and that then the parties were negotiating on the possible supplies. In November 2016, information about such negotiations was disclosed by the Minister of National Defence of Turkey, Fikri Işık.

The first foreign customer of S-400 was China, and the signing of a contract was announced in spring 2015. According to media reports, a total value of the transaction is approximately $3 billion. In October 2016, the intergovernmental agreement on S-400 supply was also signed with India.