Turkey, Russia signs loan agreement for S-400 missile system purchase

Ankara [Turkey]: Turkey and Russia on Friday signed a loan agreement for the purchase of S-400 Triumf anti-aircraft weapon systems.

According to the Tass news agency, the loan deal came after Turkish President Recep Tayyip Erdogan on September 12 said Ankara had signed an agreement with Moscow on the acquisition of S-400 systems and also made a deposit for them.

On November 2, the General Director of state corporation of Russian firm Rostec, Sergey Chemezov said the contract exceeds USD 2 billion.

The S-400 Triumf long-range anti-aircraft missile system is used to destroy aircraft, winged and ballistic missiles, including medium-range missiles, and may be used to destroy surface facilities. (ANI)