June 25, 2019
Latest News
European Union

Russia to go ahead with controversial Turkey missile sale

Moscow, Apr 8 (efe-epa).- Russia has Monday pledged to continue with the sale of military weapons to Turkey, including an anti-aircraft missile deal that was condemned by the US and NATO.

Russian president Vladimir Putin said that there will be other military projects with Turkey, apart from the controversial S-400 anti-aircraft missile agreement.

"Our countries are facing serious tasks aimed at boosting defense cooperation. First of all, it is about implementing a contract to deliver the S-400 missile systems to Turkey," Putin told state-run TASS news agency.

He added that there are “other promising defense cooperation projects to work on”.

In April he announced that Russia had accelerated the production of S-400 systems for Turkey at the request of Ankara, and agreed on a price, amounting to $2.5 billion, according to the Turkish press.

Putin made the comments during a meeting with Turkish president Recep Tayyip Erdogan, who arrived in Moscow on Monday.

Erdogan has confirmed that Ankara expects the deliveries of the missiles in July, Anadolu news agency reported.

The S-400 is a state-of-the-art air defense system, capable of shooting down aerial targets at a distance of 250 km and non-strategic ballistic missiles at 60 km.

Putin also said that the construction of the Akkuyu nuclear power plant by Russia on Turkey’s Mediterranean coast needs more funding and that there are already potential investors.

Ankara signed an agreement in 2010 with Russia to build its first nuclear power plant in Akkuyu, which is due to be launched in 2023.

The two leaders also agreed to create a joint investment fund of 900 million euros ($1 billion).

Erdogan announced at the start of the meeting that they will sign three bilateral agreements.

He also spoke about the increased economic cooperation between the two countries, the progress of the construction of the TurkStream gas pipeline and the joint fight against terrorism.

The two leaders jointly said that during the past year, trade between the two countries has increased by 15 percent to $25 billion.

Both leaders have agreed to increase trade to $100 billion.

They are also due to discuss the conflict in Syria and the partial withdrawal of United States troops.

Russia's Foreign Minister Sergey Lavrov condemned the US's presence in the war-torn country, saying it was an "unjustifiable occupation," at a press conference on Sunday.

Putin and Erdogan will also exchange opinions about the compliance of the Russian-Turkish memorandum to stabilize the situation in Idlib in September, which included the creation of a demilitarized zone. EFE-EPA


News history
3 Chinese banks deny being probed by US in relation to North Korea sanctions

Beijing, Jun 25 (efe-epa).- Three Chinese banks have denied that they were involved in any investigation related to possible violations of North Korea...

Revote in Istanbul rebukes Erdogan

By David Gauthier-Villars

Mercedes dominant in practice ahead of French F1 GP, finishing 1-2 twice

Paul Ricard Circuit (France), Jun 21 (efe-epa).- Mercedes put on a dominant performance in both free practice sessions at the Circuit Paul Ricard race track...

Apple explores shift away from China

By Yoko Kubota and Tripp Mickle

Real Madrid reinforces its defense with new signing Mendy

Madrid, Jun 19 (efe-epa).- Real Madrid reinforced its defensive lineup with the inclusion of France left-back Ferland Mendy who was presented to fans at the...

What to know about Libra cryptocurrency

New York (USA), Jun 19 (efe-epa).-Facebook just disclosed the first details of its long-anticipated cryptocurrency, called Libra, according to a Dow Jones...

Real Madrid unveils new forward Rodrygo: I hope to make Madrid fans happy

Madrid, Jun 18 (efe-epa).- Real Madrid unveiled the latest component of its new squad for the upcoming season, Brazilian forward Rodrygo, at its Santiago...

Former UEFA president Platini held over awarding 2022 FIFA World Cup to Qatar

Paris, Jun 18 (EFE).- Former UEFA president Michel Platini has been arrested on suspicion of corruption linked to a decision to award the 2022 World Cup to...

US says Israel not invited to Bahrain Conference

Washington, Jun 18 (efe-epa).- The White House said it won't invite the Israeli government to the unveiling of the economic part of its Israeli-Palestinian...

North Korea lobs insults at US but shields Trump

Seoul, Jun 17 (efe-epa).- A year after North Korean leader Kim Jong Un's historic first meeting with President Donald Trump, his government is once again...

China biotech companies poach US talent

Hong Kong (China) Jun 17 (efe-epa).- China-based biotechnology startups looking to go global are poaching talent from the biggest American pharmaceutical...

Toyota in pole at Le Mans with Kobayashi driving, Alonso, 2nd, dreams of win

Le Mans (France), Jun 14 (efe-epa).- The driver Kamui Kobayashi secured pole position in his Toyota TS050 ahead of 24 hours of Le Mans, leaving second-place...

HSBC boosts role as Saudi banker

By Rory Jones in Dubai and Margot Patrick in London

Nintendo shifts some production from China

By Takashi Mochizuki

Pepsi executive picked to lead UK's Reckitt

By Saabira Chaudhuri

Boris Johnson says UK must leave EU on Oct. 31 as he launches leadership bid

London, Jun 12 (efe-epa).- Boris Johnson said Wednesday the United Kingdom must leave the European Union on Oct. 31 as he launched his bid to replace Prime...

European Union blocks merger between steelmaking giants Tata, Thyssenkrupp

Brussels, Jun 11 (efe-epa).- The European Commission has decided to block a planned merger between two steelmaking giants that would have formed a landmark...

What's next in payments

By Stella Yifan Xie

The financial-risk secrets that may be hidden in our faces

Shanghai (China), Jun 11 (efe-epa).- What does your face reveal about how big of a financial risk you are, asked Dow Jones in a report made available to EFE...

UK economy shrank in April as Brexit hit car production

London, Jun 10 (efe-epa).- The United Kingdom's economy shrank in April as car makers took the precaution of shuttering their factories in the weeks...

Theresa May officially steps down as UK PM

London, June 7 (efe-epa).- The United Kingdom's Prime Minister Theresa May has on Friday signed a letter of resignation as leader of the Conservative Party.

Credit markets: Treasurys jump on stock fall, rate talk

New York (USA), Jun 4 (efe-epa).- United States government bond prices climbed again, benefiting from a decline in technology stocks and a Federal Reserve...

EU calls for deeper association with Central Asia, says Tusk

Nur-Sultan, May 31 (efe-epa).- The European Union is aiming to strengthen its partnership with Central Asian countries, European Council President Donald...

Behind big deals: No one wants to be Blockbuster Video

By John D. Stoll

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.