US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Russia, Turkey ink deal on supply of S-400 missiles
Published in Amwal Al Ghad on 30 - 12 - 2017

Turkey and Russia signed on Friday an accord for Moscow to supply Ankara with S-400 surface-to-air missile batteries, Turkish authorities announced, finalizing a deal set to deepen military ties between NATO member Turkey and the Kremlin.
The S-400 deal, reportedly worth some $2.5 billion and in the works for more than a year, has worried the West because the system cannot be integrated into NATO's military architecture.
As part of NATO's collective defense pledge, the allies integrate their ships, planes and weapons systems to make them work together, as well as sharing command across the alliance.
The accord is the latest in a series of moves by Ankara to boost its defense capabilities as it faces threats from Kurdish and Islamist militants at home and conflicts across its borders in Syria and Iraq.
In a statement late on Friday, Turkey's Undersecretariat for Defence Industries (SSM) said that Moscow would supply the S-400 missile batteries to Ankara in an initial delivery planned for the first quarter of 2020.
On Wednesday, Sergei Chemezov, head of the Russian state conglomerate Rostec, told the Kommersant daily that Russia would supply Turkey with four batteries of S-400s under the deal.
However, the SSM said Turkey would buy two S-400 batteries from Russia under the agreement, with one being optional, and added the systems would be used and managed "independently" by Turkish personnel, rather than Russian advisors.
It said the Turkish Armed Forces (TSK) would have full control over the systems, and added that the accord signed earlier on Friday included clauses on cooperation for technologic gains and joint development.
Turkey's purchase of the systems has unnerved NATO member countries, who are already wary of Moscow's military presence in the Middle East, as the system is incompatible with the alliance's systems.
NATO officials have warned Turkey about unspecified consequences of purchasing the S-400, but Turkish President Tayyip Erdogan has said ties with NATO remain strong.
Chezmezov said Moscow was expected to begin the first deliveries in March 2020 and that Turkey was the first NATO member state to acquire the advanced S-400 missile system.
Earlier on Friday, Turkish newspapers cited Erdogan as saying Turkey would borrow in the Russian currency in a loan deal under the accord.
Borrowing "in rubles"
"We will not borrow in dollars in this loan, we will borrow in rubles," Hurriyet newspaper quoted Erdogan as telling reporters on his plane, returning from a trip to Africa.
According to Chemezov, Turkey would pay 45 percent of the cost of the agreement up front, with Russia providing loans to cover the remaining 55 percent.
The Russian Finance Ministry will finance a deal from the state treasury, while Russian banks will take part solely in the transfer of funds in the deal, a Russian banking source said.
Relations between Moscow and Ankara deteriorated sharply in 2015 after Turkey shot down a Russian air force jet that it said had crossed into Turkish airspace, but they have since repaired ties despite having backed different sides in the Syrian war.
They are now cooperating on Syrian peace efforts as well as projects in the defense industry and energy sectors.
While pushing ahead with the S-400 project, Ankara has sought to secure defense deals with other countries as well.
In November, Turkey signed a letter of intent with France and Italy to strengthen cooperation on joint defense projects. As a first step, the Franco-Italian EUROSAM consortium and Turkish companies will look into a system based on the SAMP-T missile systems.
Turkey has also invested heavily in the development of its domestic defense industry, with projects encompassing areas including combat helicopters, tanks, drones and warships.
Source: Reuters


Clic here to read the story from its source.