Moscow returns $167m to Iran for scrapped missile deal

Moscow returns $167m to Iran for scrapped missile deal
# 28 September 2011 22:44 (UTC +04:00)
Baku-APA. Russia has returned to Iran a prepayment it received for S-300 surface-to-air missile systems it ultimately refused to deliver, APA reports quoting en.rian.ru website.

Iranian Defense Minister Ahmad Vahidi said his country is also demanding compensation for breach of the $800 million contract.

Earlier this month Iran complained to the International Court of Arbitration over Russia’s refusal to implement a contract for the supply of the S-300 systems.

In June 2010, the UN Security Council adopted Resolution 1929, imposing restrictions on the supply to Iran of conventional weapons, including missiles and missile systems , tanks, attack helicopters, warplanes and ships .

Russian President Dmitry Medvedev signed a decree banning the transfer of S-300 missiles, armored vehicles, combat aircraft, helicopters and ships to Iran on September 22, 2010.
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THE OPERATION IS BEING PERFORMED