Turkey, Russia sign loan deal for S-400 air system

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Sergey Chemezov, chief executive officer of Russia's hi-tech giant Rostec Corporation confirmed that Turkey has purchased four Russian S-400 missile defense systems worth 2.5 billion USA dollars, local media reported Wednesday.

During a press conference in Tunisia Canikli was asked about Sergey Chemezov's remarks. Each missile battery can simultaneously hit 80 different targets with two missiles each.

Russian officials have also said that Russia and US ally Saudi Arabia are close to signing a deal on supplying the S-400 systems to Riyadh.

The minister said what was at stake during the negotiations was whether to take out a loan or finance it themselves.

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Sergei Chemezov, head of Russian state conglomerate Rostec, told the newspaper Kommersant in an interview published on December 27 that the deal would consist of four batteries of S-400 missiles. "Otherwise, it was already a done deal", he added.

Turkey has completed a deal with Russia for the purchase of a Russian antimissile system, Turkish defense officials announced Friday, despite concerns voiced by some of Turkey's North Atlantic Treaty Organisation allies.

The statement said Turkish will buy two S-400 surface-to-air missile batteries from Russian Federation under an accord signed, with the first delivery planned for the first quarter of 2020. According to the Hurriyet daily, Ankara will pay part of the sum from its own funds and will contract a Russian loan for the rest.