Reply With QuoteOld news are old.
Iran demands $4 bn from Russia over cancelled missile deal
Moscow, July 5 (IANS/RIA Novosti) Iran has filed a $4 billion law suit against Russia's state arms corporation Rosoboronexport in an international court in Geneva over a missile deal that Russia suspended.
Rosoboronexport said the law suit was filed by the Iranian defence ministry and the Aerospace Industries Organization.
"The case was started April 13, 2011. The subject of the case is 'Possible damages of $3,985,159,773.32 to fulfil obligations for delivery of special property'," the Russian organisation said in reference to ongoing legal case.
The case has not yet been heard by the court.
In June 2010, the UN Security Council passed a resolution imposing sanctions on Iran, including suspension of arms deliveries.
Russia responded by saying it would cancel a contract to deliver S-300 missiles to Iran, and subsequently returned a $166.8 million deposit.
Iran previously applied to the International Court of Justice to try to force Russia to fulfil the terms of a 2007 contract to deliver S-300 air defence missile systems or pay compensation.
--IANS/RIA Novosti
http://www.newstrackindia.com/newsde...ile-deal-.html
Old news are old.
Yeah for sure.. dislike the business with the Mullahs but hey you can't choose your customers.
Huh?Originally Posted by Grax
123456
You can ?
1234
I believe Russia can sell weapons to whoever they want. They're not obligated to sell weapons to anyone.
Russians can say to the Iranians in Greek. Molon Labe.
never a good idea to sue your supplier of weapons. especially when your list of options isn't too long.
x2. They just love to dig a bigger hole for themselves, don't they? If this doesn't turn out in their favor, I guess Iran can go to China for all of their defense needs.
If a contract was signed that included clauses on penalties or recompense for failure to deliver, then Iran probably has a case. Not that they'd actually get the money if it went their way (sanctions and all), but the principle of fair and honest dealings in contracts is pretty important. Anyway, Iran must be very desperate to do this. Sanctions are hurting and their revenues from oil are dropping.
fair and honest? lol.
Which side of the deal in question is not playing it fair and honest?
The Russians are not being honest , The UN sanctions did not mandated ban of S-300 but was a political decision by medvedev.
So its not up to courts to decide compensation on this issue.
I guess you do not recall the outcry's from our governmnet regarding about possible sale of the S-300 to Iran, no?
You mean the Canada government ?
I am sure not many people would be happy to see Iran with S-300's much like not many countries are happy to see Iran armed with IRBM.
But its a sovereign right of Iran and they are not breaking any international law , S-300 is btw a defensive system far less controversial then selling Iskander.
Medvedev in his look West outlook simply appeased to West and Israel by not selling S-300 which were political decision.
Posting Permissions
