Russia to refund Iran over missile deal: arms export chief

7th October 2010, Comments 0 comments

Russia is reimbursing Iran for its downpayments on a deal for advanced S-300 ground-to-air missiles which Moscow halted in the face of tough new UN sanctions, Russian Technologies chief Sergei Chemezov told reporters on Thursday.

"We are now preparing all the necessary documents," said Chemezov, whose company includes arms exporting monopoly Rosoboronexport.

"We should return them all the funds," he said. "Of course, they are not very pleased. We do not have a choice."

Chemezov said it was unlikely Russia would return the money by the end of the year, however, and declined to quantify the funds in question.

Iran has threatened to sue Russia over what it regards as a breach of contract.

Russia had come under strong US and Israeli pressure not to go ahead with the sale of a weapons system that was seen as greatly complicating any military action against Iran.

Both Israel and the United States have refused to rule out a resort to military action to prevent Iran acquiring a nuclear weapons capability, an ambition Iran strongly denies.

© 2010 AFP

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