Saturday, August 4, 2012

Iran to Drop $4-bln Claim if Russia Delivers S-300 Missiles: Envoy

S-300 air-defense system
S-300 air-defense system


Iran will withdraw its $4-billion lawsuit against Russia if it delivers S-300 air-defense systems to the Islamic republic, the Iranian ambassador to Russia said on Wednesday.

Iran sued Russia’s state-run arms corporation Rosoboronexport in the international arbitration court in Geneva last April.

Ambassador Mahmoud-Reza Sajjadi said in an interview with the Russian Izvestia daily that Iran demanded $900 million in compensation over Russia’s failure to deliver the systems, but the court added another $3 billion to the compensation.


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