Friday, October 8, 2010

Russia to Repay Iran for Undelivered Missiles

Russia will return Iran’s advance payment of $166 mln for S-300 air defense missile systems. Presient Dmitri Medvedev banned the sale after the UN Security Council imposed sanctions on Iran. The head of Russia’s state weapons exporter dismissed the idea that any additional payment could be due for breach of the sale contract: “we are not obliged to return another kopeck,” he said.

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