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Russia to pay Iran $800mln for scrapped S-300 deal

Russia outlawed the delivery of the high-precision missiles to Iran last month.

October 7, 2010 1:33 by



Russia plans to pay Iran about $800 million to compensate for its failure to deliver S-300 missile systems, the head of state-controlled conglomerate Russian Technologies, Sergei Chemezov, said on Thursday.

Russian President Dmitry Medvedev outlawed the delivery of the high-precision missiles to Iran last month, saying that sending them would violate sanctions adopted by the U.N. Security Council in June.

(Reporting by Denis Dyomkin; writing by Steve Gutterman; editing by Conor Humphries)



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