|
Russia to pay to Iran only exact sum over cancelled S-300 contract
(Itar-Tass) -- Russia will pay Iran only 166.8 million U.S. dollars as compensation payment over the cancelled contract on the supply of its S-300 air defence missile systems, the director of Russian Technologies State Corporation Sergei Chemezov stated on Thursday."We have received an advance payment of 166.8 million U.S. dollars under the contract, and in line with the contract's force majeure provision we shall repay the sum we have received as advance payment," said. "We shall pay this exact sum, not a single cent in excess," he said. According to Chemezov, the U.N. Security Council resolution, following which the Russian president ordered to ban S-300 supplies to Iran be a decree, falls under the definition of force majeure circumstances. "In this connection we have cancelled the contract and are paying back the advance money we have received," he said. Posted by: Fred 2010-10-08 |
| http://www.rantburg.com/poparticle.php?ID=307172 |