S-400 Triumf: Russia and Turkey signed a loan agreement

"Earlier in the day, Russia and Turkey have signed a loan agreement on Turkey’s purchase of Russian S-400 systems" Haberturk TV said last Friday.

According to the Hurriyet daily, Ankara will pay part of the sum from its own funds and will contract a Russian loan for the rest. Notably, the loan will be in rubles.

On September 12, Turkish President Recep Tayyip Erdogan said Ankara had signed an agreement with Moscow on purchase of S-400 systems, with an advance payment already made.

On November 2, Director General of Russia’s Rostec Corporation Sergei Chemezov told TASS that the contract with Turkey on the sales of S-400 Triumf systems exceeded two billion US dollars.

Supplies of these systems are expected to begin within two years. Russia’s S-400 Triumf (NATO reporting name: SA-21 Growler) is the latest long-range anti-aircraft missile system that went into service in 2007.

It is designed to destroy aircrafts, ballistic and cruise missiles, including medium-range missiles, and surface targets. The S-400 can engage targets at a distance of 400 kilometers and at an altitude of up to 30 kilometers.

Washington keeps persuading Turkey not to buy air and missile defense systems from Russia, US Department of Defense Spokesperson Johnny Michael told TASS: "We have relayed our concerns to Turkish officials regarding the purchase of the S-400," the Pentagon spokesman said. "A NATO interoperable missile defense system remains the best option to defend Turkey from the full range of threats in its region. We have an open dialogue on this issue, and have emphasized the importance of maintaining NATO interoperability on any major defense systems procurements."