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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.
Originally posted by SloAnPainful
reply to post by pheonix358
China and Russia may be allies but I am sure they have different agendas.
-SAP-
Originally posted by redneck13
reply to post by Daedal
Putin probably figures there will be a new government installed before the Iranian bill collectors start calling the Kremlin
edit on 5-7-2012 by redneck13 because: .
Originally posted by Ilyich
reply to post by SloAnPainful
So If you payed me $4 Billion for products, and I never gave you the products you would just say oh well, and forget about it? I'm willing to bet if you bought a $40 pair of shoes on Ebay, and you never got them you would seek to get your money returned as well. How is this any different?
try to force Russia to fulfil the terms of a 2007 contract to deliver S-300 air defense missile systems or pay compensation
it would cancel a contract to deliver S-300 missiles to Iran, and subsequently returned a $166.8 million deposit
Originally posted by pheonix358
I disagree. China needs oil. Her deal with Iran is outside of US control. Think what would happen to China's industrial forward march if the US regains control of the worlds oil.
China has no choice, self interest means she must back up Iran!
P
Originally posted by redneck13
reply to post by Daedal
Putin probably figures there will be a new government installed before the Iranian bill collectors start calling the Kremlin
edit on 5-7-2012 by redneck13 because: .