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Turkey, Russia sign S-400 missile system loan deal
31 December 2017, 12:56 | Sherry Padilla
Russia Selling Non-NATO-Compatible Missiles to Turkey AFP Natalia KOLESNIKOVA by Edwin Mora27 Dec 20170 27 Dec 2017 27 Dec 2017
National Defense Minister of Turkey Nurettin Canikli confirmed the statement and added that the S-400 deal had been concluded. Moscow expects to begin the first deliveries in March 2020, he said.
Turkey and Russian Federation have signed an accord for Moscow to supply Ankara with S-400 surface-to-air missiles, CNN Turk and other media reported on Friday, finalizing a deal the two countries have been working on for more than a year.
Last week, Gen. Petr Pavel, chairman of the NATO Military Committee, said during an event in Washington that Turkey should it go ahead with the acquisition would be "facing the consequences of that decision".
"Turkey continues to pursue anti-missile systems from NATO Allies, including the U.S. Patriot System, for its broader, long-term air defense needs".
Earlier today, Turkish President Recep Tayyip Erdogan said that Turkey would borrow in rubles in a loan deal under the accord, Reuters reported.
On November 2, Director General of Russia's Rostec corporation Sergei Chemezov told TASS that the contract with Turkey on the sales of S-400 Triumf systems exceeded two billion United States dollars.
The deal, reportedly worth some $US2.5 billion ($A3.5 billion), comes amid Turkey's strengthening ties with Russian Federation and deteriorating relations with the United States and its other western countries.
While continues to tout the planned sale of its S-400 strategic air-defense system to, some USA analysts are growing more skeptical about the deal. It is created to destroy aircraft, cruise and ballistic missiles, including medium-range missiles, and surface targets.