Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Russia ending S-300 Iran deal costs $1B

|
|
 
  
Iran's parliament member Alaeddin Boroujerdi attends in an international conference named " Zionist Aggression: Regional and Global Consequences" in Tehran, Iran on August 7, 2006. Foreign Minister Manouchehr Mottaki said here Monday that a draft resolution sought to be passed in the UN Security Council to try to end the war in Lebanon is "quite one-sided and shows US influence" in its preparation. (UPI Photo/Mohammad Kheirkhah) 
License photo
Published: Sept. 29, 2010 at 5:11 PM
Advertisement

MOSCOW, Sept. 29 (UPI) -- Russia withdrawing from its contract to provide Iran with its advanced S-300 anti-aircraft defense system is costing the country $1 billion.

Duma member Konstantin Kosachyov revealed the loss to the country's weapons export revenues, Russia Today reported Wednesday.

Iranian Parliament National Security and Foreign Policy Commission head Alaeddin Boroujerdi has noted that Tehran could institute legal action against Russia and seek damages if Moscow doesn't honor its contract, adding, "We hope Russia abides by its commitments."

Last week Russian President Dmitry Medvedev prohibited the sale, citing increased U.N. Security Council sanctions imposed in June over its purported covert nuclear activities.

Both Washington and Israel allege that Iran's civilian nuclear energy program in fact conceals a drive to acquire military nuclear weaponry, a charge strenuously denied by Iran, which is both a signatory to the 1970 Treaty on the Non-Proliferation of Nuclear Weapons and allowed International Atomic Energy Agency inspectors into its nuclear sites.

Topics: Konstantin Kosachyov
Recommended Stories
© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The 84th Academy Awards winners The breakout star of the Oscars The Daytona 500
Radiohead performs in Miami Ice and Snow Festival in China 2012 Governors Dinner
Additional Security Industry Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
At last, something to look forward to: If you are elderly and poor, prison is a better alternative...
After seeing his neighbor's tree get cut down--a tree planted in 1930, the year he was born--a man...
Child falls from window, lands in hospital. WE'VE GOT A TELEPORTER
In Kentucky you can get a 'Letter Jacket' for A) Football. B) Track. C) Bass fishing. D) All of...
Worst traffic in America? Chicago is 2nd to none.....except for pizza
Woman reunited with bike she lost 41 years ago