Skip to comments.Russia to Refund Iran for Canceled Missile Deal [Medvedev's one-day Cyprus visit]
Posted on 10/08/2010 9:17:44 PM PDT by SunkenCiv
Russian officials say the country plans to reimburse Iran, after Moscow canceled the sale of an air defense missile system to Tehran...
In the scope of a US$800 million contract brokered in 2005, Russia was obliged to send Iran at least five S-300 missile systems.
But last month, Russian President Dmitry Medvedev banned the sale of the missile systems following United Nations sanctions against such arms sales. The UN imposed the sanctions in June for Iran's refusal to stop enriching uranium.
Medvedev also outlawed the sale of tanks, aircraft and sea vessels to Iran...
The news comes on the heels of Medvedev's first ever state visit by a Russian leader to the Republic of Cyprus...
Government spokesman Stefanos Stefanou told VOA News that Russia and Cyprus will sign fifteen agreements during the visit ranging from a tax treaty to healthcare and tourism deals...
Ties between the two countries are strong with more than 10,000 people of Russian origin living and working in Cyprus. The island is one of the largest foreign investors in the Russian economy.
"The Soviet Union at that time was one of the first countries that recognized the Cyprus republic, and since then the bilateral relations between the two countries are at a very good level," said Stefanou.
Thousands of offshore companies registered on the island are Russian, which re-invest profits, taxed at a lower rate in Cyprus, back into Russia.
Cyprus is also a big foreign destination for Russian money, receiving $16.6 billion since 1991. "The investments of Russians in our country are very high, so the financial aspect of the visit is very significant as well. So, and politically and financially the official visit of Mr. Medvedev is very important for our country," Stefanou added.
(Excerpt) Read more at english.chosun.com ...
Germany and Russia call for new EU security committee
euobserver.com | June 7, 2010 | Andrew Rettman
Posted on 06/07/2010 11:33:51 AM PDT by Tailgunner Joe
I knew Russia would come through. Putin and Medvedev ain’t as bad as the libs paint them out to be. Russia knows Iran is definitely not a partner it wants to have. Russia ultimately cares about money and capitalism and will not break any agreements with the usa.
Are you Borak the clown....Russia will not break any agreements???? You are killing me, HA HA!
lol. how’d you sneak in here?
Russia hasn’t “come through”, Russia was playing for stuff it wants and Iran was the fall guy. Poor Iran.