Iran Demands $4 Bln From Russia Over Canceled Missile Deal

S-300 air defense missile system
Yury Shipilov15:00 05/07/2012
MOSCOW, July 5 (RIA Novosti)
http://en.rian.ru/world/20120705/174416069.html

Iran’s Defense Ministry and The Aerospace Industries Organization have
launched a $4 bln law suit against Russia’s state arms corporation
Rosoboronexport in an international court in Geneva over a deal to buy
missiles suspended by Russia, Rosoboronexport said in its annual report.

“The case was started on 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 report says in reference to ongoing legal cases.

The case has not yet been heard, the report says.

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 has 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
defense missile systems or pay compensation.