Turkey's Defense Minister Nurettin Canikli confirms that a deal to install Russian long-range anti-aircraft missile has been finalised..
Turkish media are reporting that Turkish and Russian officials have signed a financing agreement for the purchase of a Russian-made anti-missile system worth $2.5 billion.
On November 2, Director General of Russia's Rostec corporation Sergei Chemezon told TASS that the contract with Turkey on the sales of S-400 Triumf systems exceeded two billion U.S. dollars. "But the idea of paying a portion of the total amount by getting a loan prevailed in the end". Each missile battery can simultaneously hit 80 different targets with two missiles each. "Otherwise, it was already a done deal", he added.
North Atlantic Treaty Organisation officials have warned Turkey about unspecified consequences of purchasing the S-400, but Turkish President Tayyip Erdogan claims ties with North Atlantic Treaty Organisation remain strong.
According to Kommersant daily report on December 27, Turkey will pay 45 percent of the cost up front, with Russian Federation providing loans to cover the remaining 55 percent of the deal worth US$2.5 Billion.
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. The S-400 can engage targets at a distance of 400 kilometers and at an altitude of up to 30 kilometers.