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Russia Expects Major Military Deals

Russia Expects Major Military Deals Russia Expects Major Military Deals

Russia expects military contracts with Iran to be worth billions, as Tehran is "highly interested" in buying Russian military equipment, Vladimir Kozhin, a presidential aide responsible for military and technical cooperation, said.

"The interest of the Iranian side is very high. They are really in need of a serious update for almost all of its forces … Given that this is a large country with large armed forces, of course, it will be very large contracts, worth billions," Kozhin was quoted as saying by the Izvestia newspaper, Sputnik reported on Monday.

According to Kozhin, when the sanctions imposed on Iran over its nuclear program are lifted, Russian-Iranian military-technical cooperation will see "serious development".

Russia has started S-300 anti-aircraft missile system deliveries to Iran. On November 9, Russia signed a new contract to supply Iran with the systems by the end of the year for the first time since the 2010 freeze on supplies under the 1929 UN Security Council resolution.

Russia's S-300 deal became possible again after Iran reached an agreement on its nuclear program with P5+1 (the five permanent members of the UN Security Council plus Germany) on July 14.

Iran agreed to limit its nuclear activities for specified durations in exchange for the removal of sanctions imposed against the country.

 

Financialtribune.com