NATO member Turkey applying for Russian loan to buy Russian missiles

The CEO of Rostec Corporation, Sergey Chemezov, announced that Ankara and Moscow are in negotiations over providing a loan to Turkey to buy Russian missiles, including the Russian army’s anti-aircraft missile system, the S-400.

“Turkey expressed its desire to take out a loan, but the topic has not been solved yet. The finance ministers are continuing their negotiations, and once the parameters of the agreements are drawn up, the transport contracts will be signed,” Chemezov said speaking to Russia’s Rossiya 24 TV station.

On his flight back from Moscow last week, Turkey’s President Recep Tayyip Erdogan spoke to journalists saying that his country might strike a deal with Russia on a missile defence system if such opportunities could not be found within NATO.

“Being a member of NATO doesn’t mean we are not an independent country. We can be a NATO member and conduct business with Russia too. We do not agree with statements that express anything contrary to this,” the president said, while also criticising certain NATO countries for arming groups in Syria that Turkey did not approve of.