Iran Demands $4 Bln From Russia Over Canceled Missile Deal

Discussion in 'West Asia & Africa' started by Zebra, Jul 6, 2012.

  1. Zebra

    Zebra Senior Member Senior Member

    Mar 18, 2011
    Likes Received:
    MOSCOW, July 5 (RIA Novosti)

    Iran’s Defense Ministry and The Aerospace Industries Organization have launched a $4 bln law suit against Russia’s state arms corporation Rosoboronexport in an international court in Geneva over a deal to buy missiles suspended by Russia, Rosoboronexport said in its annual report.

    “The case was started on April 13, 2011. The subject of the case is “Possible damages of $3,985,159,773.32 to fulfil obligations for delivery of special property,” the report says in reference to ongoing legal cases.

    The case has not yet been heard, the report says.

    In June 2010, the UN Security Council passed a resolution imposing sanctions on Iran, including suspension of arms deliveries. Russia responded by saying it would cancel a contract to deliver S-300 missiles to Iran, and subsequently returned a $166.8 million deposit.

    Iran has previously applied to the International Court of Justice to try to force Russia to fulfil the terms of a 2007 contract to deliver S-300 air defense missile systems or pay compensation.

    Iran Demands $4 Bln From Russia Over Canceled Missile Deal | World | RIA Novosti
    maomao likes this.
  3. thakur_ritesh

    thakur_ritesh Administrator Administrator

    Feb 19, 2009
    Likes Received:
    Land of the GODS - "Dev Bhomi".
    And Iran thinks they will get compensated?

    Why do I sense this will be used to leverage a deal with Russia at a crucial moment by the west when in need. If anything, Iran is playing into the west's hands. Too clever by half? Na, not even that, much worse!
  4. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

    Dec 17, 2009
    Likes Received:
    Russia returned the money and no damages were caused. They don't even have grounds to bring it in front of a court.

Share This Page