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Iran seeks to settle dispute with Russia over S-300

Last Updated: Tuesday, June 11, 2013 - 10:30

Moscow, June 11 (IANS) Iran seeks to settle its contract dispute with Russia over the supply of S-300 anti-aircraft missile systems, Iranian Ambassador to Moscow has said.

The Islamic republic is suing Moscow in the International Court of Arbitration demanding $950 million of compensation for the contract cancelled by Russia arms export agency Rosoboronexport.

"We want to resolve that issue peacefully and don`t want there will be spots in our relations with Russia," Xinhua quoted Reza Sajjadi as telling reporters here on Monday.
The UN Security Council in 2010 passed a resolution banning supply of conventional weapons to Iran, including missile systems, tanks and warships.

Russia cancelled the S-300 contract, saying the resolution applied to former contract of the missile system.

Rosoboronexport earlier admitted it has been seeking a settlement agreement with Tehran over the contract after the court fined Russian company $3 billion.

First Published: Tuesday, June 11, 2013 - 10:30

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